IBM in talks to buy Israeli mobile software firm

IBM is in advanced talks…

TEL AVIV: IBM 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 virtualisation, 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.

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