Wind River adds $50 million to buyback plan

Software developer Wind River Systems Inc. on Tuesday said its board approved a $50 million expansion of its share repurchase program.

The addition brings the total repurchase amount to $100 million since the program began in April.

The company said it has bought 4.2 million shares, or $35 million worth of the initial $50 million repurchase.

Wind River said since the beginning of its fiscal year 2009, which began Feb. 1, it has purchased 10.9 million shares at a cost of $85 million.

Shares of Wind River closed up 28 cents, or 2.5 percent, to $11.49, then added 6 cents in aftermarket electronic trading, to $11.55.