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.
Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of International Business Machines, Intel, and Qualcomm. Motley Fool newsletter services recommend Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.