STOCKHOLM (04/07/2000) - Intel Corp. announced yesterday that it has reached a definitive agreement to acquire privately-held compiler and programming tool supplier Kuck & Associates Inc. for an undisclosed amount of cash.
With the acquisition, Intel aims to boost its tool offerings and accelerate the development of multithreaded software applications that take advantage of multiprocessor computing, the chip vendor said in a statement.
The acquisition is still subject to customary closing conditions, but Intel said it expects to close the deal in 30 days or less, after which Kuck & Associates will become a wholly-owned Intel subsidiary and David Kuck will be appointed general manager within Intel's Microprocessor Products Group.
Intel and Kuck & Associates are no strangers. The two companies are among the founding members of the OpenMP Architecture Review Board, an industry group overseeing the OpenMP specification for multithreaded software development.
Intel, in Santa Clara, California, can be reached at +1-408-987-8080 or http://www.intel.com/. Kuck & Associates, in Champaign, Illinois, is at +1-217-356-2288 or http://www.kai.com/.