Wind River to Acquire Tilcon Software to Add Rich Graphical User Interfaces
February 23, 2009, Wind River (NASDAQ: WIND) today announced that it has signed an agreement to acquire privately-held Tilcon Software Limited, a leading provider of software for creating and deploying graphical user interfaces in embedded devices. Founded in 1987 and located in Ottawa, Canada, Tilcon currently has 18 employees and is exclusively focused on embedded graphics solutions. With this acquisition, Wind River expects to gain proprietary embedded graphical user interfaces that will enhance the value of VxWorks and Wind River Linux software platforms across multiple device types and target vertical markets.
Under the terms of the agreement, Wind River will pay approximately USD $3.5 million in cash to acquire all outstanding capital stock of Tilcon. The completion of the acquisition is subject to customary closing conditions and is expected to occur on or about February 27, 2009.
In aerospace and defense, automotive, industrial and medical applications, programmable graphics solutions are replacing or augmenting more traditional analog gauges and dials, as graphics move from a high-end requirement into mainstream applications in several vertical markets. Tilcon’s embedded graphical solutions enable a simpler implementation of graphical user interfaces that requires little or no coding, opening up the number of addressable developers and facilitating product bundling and pricing options that are aligned to Wind River’s traditional business models.
“Wind River’s acquisition of Tilcon will differentiate and expand our VxWorks and Linux platforms value proposition across many device classes, with the initial focus on vertical markets with immediate graphics opportunity such as industrial and medical applications,” said Ken Klein, chief executive officer at Wind River. “With complementary customers, partners and target vertical markets, we believe the combination of Tilcon’s proprietary embedded graphics solution and Wind River’s product portfolio, sales and marketing expertise, and world-class support will lead to meaningful business synergies.”