“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.”