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

IBM (NYS: 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 (NAS: QCOM) , Intel (NAS: 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.

The article IBM Reportedly in Talks to Buy Israel Mobile Software Firm Red Bend originally appeared on

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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.