LinuxPR: LynuxWorks and ISDCorp Announce Merger
Jul 31, 2000, 15 :36 UTC (0 Talkback[s]) (1295 reads)
"LynuxWorks, Inc., (formerly Lynx Real-Time Systems), a leader in embedded Linux and
a pioneer in the open standards real-time operating system (RTOS) industry, today
announced a definitive merger agreement with Integrated Software & Devices
Corporation (ISDCorp), a leading supplier of system software, intellectual property
and software services for the embedded computing market."
"Under the terms of the
agreement, LynuxWorks will acquire ISDCorp through a stock swap transaction whereby
newly issued LynuxWorks shares will be swapped for all outstanding ISDCorp shares.
The closing of the merger agreement is subject to customary conditions including,
shareholder approvals."
"The merger of ISDCorp is expected to increase LynuxWorks'
ability to offer a broader range of scalable, high-performance and high-availability
embedded Linux solutions to the marketplace. It significantly increases the size and
scope of the LynuxWorks' professional services organization, thereby enabling them
to better support the needs of customers who choose to develop Linux-based products.
In addition, LynuxWorks will now have Linux support for a wider variety of target
processors including ARM and MIPS."
