IBM Reportedly in Talks to Buy Israel Mobile Software Firm Red Bend

By Dan Carroll – Oct 18, 2012 at 2:55PM

NYSE: IBM

International Business Machines

Market Cap

$169B

Today's Change

(1.05%) $1.91

Current Price

$184.10

Price as of April 24, 2024, 4:00 p.m. ET

Report puts price between $200 million and $250 million.

IBM (NYSE: IBM) is reportedly in late-stage talks to buy Israel-based Red Bend Software for between $200 million and $250 million. A Reuters report from today says The Calcalist business publication in Israel, which publishes in Hebrew, had reported the news.

Founded in 1999, Red Bend specializes in developing mobile software, providing technology for phones to run multiple operating systems simultaneously. The company boasts a significant number of high-profile customers, including Qualcomm (NASDAQ: QCOM), Intel (NASDAQ: INTC), Samsung, and Sony Ericsson.

A Red Bend press release from June boasts that the company is the leader in mobile software management with more than 1.5 billion Red Bend-enabled devices.

Red Bend already manages a partnership with IBM, laying a foundation for any talks.

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