Wind River to acquire MIZI Research

Wind River, a global leader in Device software Optimisation (DSO), today announced it has signed an agreement to acquire MIZI Research Inc, a privately-held company based in Seoul, Korea, that focuses on the development of mobile application platform based on embedded Linux.    

Founded in 1999, MIZI currently has 65 employees and is one of the earliest Linux pioneers in the mobile market.    

"With this acquisition, Wind River expects to gain access to world-class mobile expertise that can be leveraged across its various mobile alliances as well as accelerate its mobile  services presence in a Asia Pacific", NASDAQ-listed Wind River said in a statement.     

Under the terms of the agreement, Wind River will pay up to $16 million in cash to acquire substantially all of the outstanding shares of MIZI.

 

The completion of the acquisition is subject to customary closing conditions and is expected to happen in Wind River's third fiscal quarter ending October 31, 2008.