TPG Capital (TPG), the global private equity platform of alternative asset firm TPG, has announced that it has completed its acquisition of Wind River, a leader in delivering software for the Internet of Things (IoT). TPG\u2019s acquisition of Wind River from Intel was announced on April 3, 2018.<\/p>\n
For nearly 40 years, Wind River has helped the world\u2019s technology leaders power generation after generation of the safest, most secure devices in the world. The company\u2019s software runs the computing systems of the most important modern infrastructure and is accelerating the evolution from automated to autonomous systems across a diverse range of use cases \u2014 from collaborative robots to commercial and military drones, connected cars to the connected factory floor \u2014 as well as the intelligent communication networks that support these applications.<\/p>\n
The newly independent company will be led by Wind River President and now Chief Executive Officer, Jim Douglas. Nehal Raj, Partner and Head of Technology investing at TPG, will serve as chairman of the company\u2019s board of directors.<\/p>\n
\u201cWind River is leveraging the power of IoT, intelligent devices and edge computing to fundamentally transform critical infrastructure sectors,\u201d said Raj. \u201cThis acquisition provides the company with the additional resources and focus needed to further differentiate itself as a market-leading provider of software for Industrial IoT (IIoT). We look forward to working closely with management to identify and execute on opportunities to invest in organic and inorganic growth.\u201d<\/p>\n
\u201cThis is an exciting day for Wind River. Through this partnership with TPG, we will have new opportunities to innovate and evolve our industry-leading software portfolio, creating additional value for our customers and partner ecosystem,\u201d said Douglas. \u201cThis acquisition is a clear endorsement of the unique value our software provides for accelerating digital transformation across critical infrastructure sectors and we are thrilled to work with TPG in this next phase of our growth trajectory.\u201d<\/p>\n
TPG has a history of partnering with dynamic companies that are changing and enhancing different markets through innovative technology. Across platforms, select investments include C3 IoT, CCC Information Services, IQVIA (formerly QuintilesIMS), Intergraph, McAfee, Mediware Information Systems, Noodle.ai, and Zscaler.<\/p>\n","protected":false},"excerpt":{"rendered":"
TPG Capital (TPG), the global private equity platform of alternative asset firm TPG, has announced that it has completed its acquisition of Wind River, a leader in delivering software for the Internet of Things (IoT). TPG\u2019s acquisition of Wind River from Intel was announced on April 3, 2018. For nearly 40 years, Wind River has […]<\/p>\n","protected":false},"author":21,"featured_media":22780,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14,29],"tags":[4326,2877,2215,139,28,7904,2218],"class_list":["post-22779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-news","category-software","tag-edge-computing","tag-iiot","tag-industrial-iot","tag-internet-of-things","tag-iot","tag-tpg-capital","tag-wind-river"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/22779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=22779"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/22779\/revisions"}],"predecessor-version":[{"id":22781,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/22779\/revisions\/22781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/22780"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=22779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=22779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=22779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}