Reuters: Technology News: IBM in talks to buy Israel mobile software firm Red Bend: media

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IBM in talks to buy Israel mobile software firm Red Bend: media Oct 18th 2012, 09:35 Tweet Share this Email Print Related News Amazon in talks to buy TI mobile chip arm: paper Mon, Oct 15 2012 Scailex in talks to sell Partner stake to Saban Sun, Oct 14 2012 York Capital may seek control of Israel's IDB: report Wed, Oct 10 2012 Google warns of more Motorola cuts, revises up third quarter bill Thu, Oct 4 2012 Deutsche Telekom in T-Mobile USA-MetroPCS merger talks Tue, Oct 2 2012 Analysis & Opinion Motorola loses bid to reshape crucial trial on essential patents Financial cybercrime a national security threat, U.S. Justice Department official warns Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » The IBM logo is seen outside the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. Credit: Reuters/Nir Elias TEL AVIV | Thu Oct 18, 2012 5:35am EDT TEL AVIV (Reuters) - IBM Corp (IBM.N) is in advanced talks to buy Israel-based Red Bend Software, a provider of mobile phone software, for $200 million to $250 million, Israeli media reported on Thursday. Red Bend provides software for device management and mobile virtualization, technology that enables multiple operating systems to run simultaneously on a mobile phone. It helps cellular phone manufacturers speed up new embedded services, respond swiftly to faults and reduce support costs via remote updates using the web. The company has over 80 customers, including China Mobile, Intel, LG Electronics, Motorola, Qualcomm, Samsung Electronics, Sharp and Sony Ericsson. Officials at Red Bend were not immediately available for comment. A spokeswoman at IBM Israel said the company does not comment on rumors and speculation. The Calcalist financial newspaper said this would be IBM's 12th acquisition in Israel and its second in the mobile sector. (Reporting by Tova Cohen; Editing by Hans-Juergen Peters) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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