IBM in Talks to Acquire Mobile Virtualization Software Maker, Red Bend
According to Reuters, the potential deal could be worth anywhere from $200 million to $250 million. IBM is willing to make such a hefty investment because it's drawn to Red Bend Software's mobile virtualization technology, which allows multiple operating systems to be run on a mobile phone. In doing so, phone makers are better able to add embedded services and issue remote updates over-the-air (vRapid Mobile).
Image Source: Flickr (Morgaine)
Red Bend Software's client list is rather long and prominent. It includes companies such as Asus, Dell, Intel, Motorola, Qualcomm, Samsung, Sharp, Sony, Toshiba, and several other well known firms.