Red Bend

Mobile Software Management Solutions

Business Software
Acquired (Inactive) by Harman International Industries on Jan 2015 - closed due to acquisition

Company Overview

Snapshot

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

Business overview

Red Bend develops Mobile Software Management (MSM) solutions, offering software and services for firmware over-the-air (FOTA) updating, application management, device management, device analytics, and mobile virtualization. The company's products enable device manufacturers, mobile operators, and software developers to remotely manage software assets on mobile devices, aiming to increase revenues, reduce support costs, and accelerate time to market. Red Bend serves the mobile and telecommunication industries, operating within the Business Software sector, with a focus on IT & Network Management and Autonomous & Connected technologies.

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 connectivity. The deal signals a consolidation trend in the mobile software management space, with larger players seeking to enhance their offerings in connected devices and automotive technology.

Company Intelligence Q&A

When was Red Bend acquired?
Red Bend was acquired by Harman International Industries in January 2015.
What was the acquisition amount for Red Bend?
Harman International Industries acquired Red Bend for $170 million in January 2015.
Which company acquired Red Bend?
Red Bend was acquired by Harman International Industries in January 2015.
What significant partnership did Red Bend announce in December 2014?
In December 2014, Garmin selected Red Bend Software for automatic over-the-air map and software updates, enhancing their device management capabilities.
What was Red Bend's focus at CES in January 2015?
In January 2015, Red Bend showcased and discussed its OTA updating solutions tailored for the automotive industry at CES, emphasizing its role in connected vehicles.

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