On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
66° Feels Like: 66°
Wind: S 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Isolated Thunderstorms 51°

Tomorrow

PM Thunderstorms 77°

Wed Night

Thunderstorms 60°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

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

The IBM logo is seen outside the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. REUTERS/Nir Elias
The IBM logo is seen outside the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. REUTERS/Nir Elias

TEL AVIV (Reuters) - IBM Corp 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)

Comments