SOURCE: Red Bend Software

October 29, 2007 09:40 ET

Red Bend Ranks 4th in 2007 Deloitte Technology Fast 50

WALTHAM, MA--(Marketwire - October 29, 2007) - Red Bend Software, the market leader in Mobile Software Management and Firmware Over-the-Air (FOTA) updating solutions for mobile devices, today took 4th place in the 2007 Deloitte Brightman Almagor Technology Fast 50 competition. The competition was held in cooperation with leading business newspaper TheMarker.

The Deloitte Technology Fast 50 is a program that recognizes and profiles fast growing technology companies. This is the eighth year that the competition has been held in Israel. The program identifies the fastest growing companies, public or private, based on fiscal year revenues and percentage growth over the previous five years. The program recognizes companies in: Communications; Software; Semiconductors, Components and Electronics; Life Sciences; Internet; and Computer Peripherals.

"Achieving sustained revenue growth of 14,347% over five years is a tremendous accomplishment for a technology company operating in a competitive world," said Asher Mechlovich, partner in charge of the Deloitte Brightman Almagor Israel Technology Fast 50 Program. "Red Bend deserves a lot of credit for its remarkable growth, and we commend them for it."

Red Bend recently celebrated shipping its market-leading vCurrent® Mobile FOTA software on 200 million mobile phones across 117 handset models. In total, 15 manufacturers of mobile phones and machine-to-machine (M2M) devices have adopted Red Bend's mobile software management solutions.

Yoram Salinger, CEO of Red Bend Software, said, "Making the Deloitte Technology Fast 50 list again is quite an accomplishment for Red Bend. We're proud to be recognized for our continued success, for the value we bring to our customers, and for the significant market opportunity that lies ahead for our company."

About Red Bend Software

Red Bend Software helps mobile phone manufacturers and network operators to accelerate the adoption of new services and features, respond rapidly to customer needs, and reduce support costs through mobile software management solutions. LG Electronics, Motorola, NEC, Sharp, Sony Ericsson, and other large handset manufacturers use Red Bend's firmware over-the-air (FOTA) mobile client software to quickly and reliably deliver compact firmware updates to more than 200 million mobile phones in the hands of consumers. Founded in 1999, Red Bend Software is a privately held, venture capital-financed company with offices in China, Israel, Japan, Korea, the U.K and the U.S. More information is available at www.redbend.com.

Contact Information


  • Media Contact:
    Matt McCarthy
    Red Bend Software
    (617) 729-3175
    Email Contact