According to a recent update, IBM Corp is in advanced talks
to buy 71 percent market share of Israel-based Red Bend Software. If reports
are to be believed, the latest deal between IBM and red Bend will close for
$200 to $250 million.
Founded in 1999 by Yoram Salinger, the Red Bend is a
software company which offers mobile software and mobile virtualization
technologies to mobile phone manufacturers and operators. It enables multiple
operating systems to run simultaneously on a mobile phone. Also, it facilitates
cellular phone manufacturers to speed up new embedded services and respond
swiftly to faults. This way, operators can reduce support costs via remote
updates using the web.
It is worth noticing, the latest deal would be IBM's 12th
acquisition in Israel and the second in the mobile sector.
Reliable insiders informed our team that Red Bend has over
80 customers, including Intel, LG Electronics, Motorola, China Mobile,
Qualcomm,Samsung Electronics, Sony Ericsson and Sharp.
However, it is difficult to say anything how IBM will get
benefitted from its upcoming deal as officials at Red Bend were not immediately
available for comment. On the other hand, a spokeswoman at IBM declined to comment.
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