Intel Reveals Plans To Sell Wind River
Intel said last week it is selling industrial Internet of Things software provider Wind River to private equity firm TPG Capital for an undisclosed amount. While IoT has been a strategic priority for Intel, the company said the deal was "designed to sharpen our focus on growth opportunities that align to Intel's data-centric strategy." A source close to Intel told CRN that Wind River represented a small percentage of Intel's IoT Group revenue, which grew 20 percent year over year to $3.2 billion last year. Tom Lantzsch, Intel's IoT head, said the company expects the transition to be seamless for customers and partners that are shared with Wind River.