IBM (IBM) Said to Acquire Mobile Management Software Firm Red Bend in $250M Deal
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International Business Machines Corp. (NYSE: IBM) is said to be acquiring Israel-based mobile management software firm Red Bend Software, according to calcalist.co.il today.
Purchase price on the deal is about $250 million.
Red Bend has about a 71 percent market share in Israel for the software management segment for mobile phones and connected devices.
Red Bend partners include names like Samsung ,Dell (Nasdaq: DELL), HTC, ASUStek, and others.
IBM has worked with Red Bend in the past, integrating its Software Management Center into PureApplication and PureFlex systems.
Shares of IBM are lower Thursday morning.
Purchase price on the deal is about $250 million.
Red Bend has about a 71 percent market share in Israel for the software management segment for mobile phones and connected devices.
Red Bend partners include names like Samsung ,Dell (Nasdaq: DELL), HTC, ASUStek, and others.
IBM has worked with Red Bend in the past, integrating its Software Management Center into PureApplication and PureFlex systems.
Shares of IBM are lower Thursday morning.
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