Red Bend

Company Overview

Snapshot

Founded in April 1999, Red Bend operated with 51–200 employees. The company raised $20 million across 3 funding rounds from 8 investors. In January 2015, Red Bend was acquired by Harman International Industries.

Business overview

Red Bend Software develops Mobile Software Management (MSM) solutions, including firmware over-the-air (FOTA) updating, application management, device management, device analytics, and mobile virtualization. Its products enable device manufacturers, mobile operators, and software developers to enhance revenues, reduce support costs, and accelerate time to market by remotely managing software assets on mobile devices. The company serves the mobile and telecom technologies sector, with a focus on business software, IT & network management, and autonomous & connected automotive solutions.

Strategic signal

In January 2015, Red Bend was acquired by Harman International Industries for $170 million. This acquisition highlights the strategic value of Red Bend's mobile software management and over-the-air updating solutions, particularly as the automotive industry increasingly integrates advanced software and connected vehicle technologies. The deal signals a consolidation trend in the mobile and automotive software sectors, where established players are acquiring specialized capabilities to strengthen their offerings in areas like IoT and connected vehicles.

Company Intelligence Q&A

What was a significant corporate milestone for Red Bend?

In January 2015, Red Bend was acquired by Harman International Industries for $170 million, marking a key exit for the company.

When did Red Bend secure its D Round funding?

Red Bend secured its D Round funding in February 2005 from investors including Greylock and Poalim Ventures.

What was the purpose of Red Bend's debt financing round?

Red Bend received debt financing in January 2006 from Viola Credit to support its operations and growth initiatives.

Which investors participated in Red Bend's E Round funding?

In April 2008, Red Bend's E Round funding included participation from.

What was Red Bend's strategic move in September 2010?

In September 2010, Red Bend entered the high-growth mobile virtualization market through its acquisition of VirtualLogix.