SOURCE: Red Bend Software

Red Bend Software

March 22, 2010 09:03 ET

Red Bend Software Now Reaches 680 Million Mobile Devices

Market Demand for Over-the-Air Software Updating on Smartphones and Connected Devices Helps Fuel 80 Percent Growth

LAS VEGAS, NV--(Marketwire - March 22, 2010) -  CTIA Wireless 2010 -- Red Bend Software, the market leader in Mobile Software Management (MSM), today announced that its vRapid Mobile® and vDirect Mobile™ software products shipped in 680 million mobile devices worldwide through 2009 from leading manufacturers including LG, Sony Ericsson, Motorola, ZTE, Kyocera and HTC. In 2009, manufacturers shipped 246 new Red Bend-Enabled™ device models compared to 137 in 2008 -- an 80 percent year-over-year increase. In addition, during fourth quarter Red Bend renewed a top manufacturer contract and signed five new customers, for a total of 57 licensees of its standards-based, cross-platform solutions for mobile software updating and device management.

While worldwide handset shipments declined 5.2 percent in 2009 according to IDC, market demand for Red Bend's firmware over-the-air (FOTA) updating software and Open Mobile Alliance Device Management (OMA-DM) client was strong, particularly for connected wireless devices. This category now accounts for nearly 10 percent of devices with the company's software, driven by operators' need to manage all wirelessly connected devices in a standards-based, unified manner. Red Bend-Enabled devices include smartphones, WiMAX modems, netbooks and machine-to-machine (M2M) modules.

Fourth Quarter and 2009 Highlights:

  • Customer Expansion - In Q4, a top mobile phone manufacturer renewed its multi-year license agreement, demonstrating Red Bend's value to quickly, efficiently and reliably provide software improvements over the air to mobile consumers. Red Bend also signed five new customers and announced agreements with two more platform providers -- Wind River and Qualcomm -- continuing its expansion globally.
  • M2M Leadership - With the addition of Sagem Communications, Red Bend now has access to 50 percent of the M2M module market. Red Bend's over-the-air updating solution enables M2M providers and enterprise customers to protect their investments by delivering new software features without sending a technician on-site.
  • Patents Granted - Red Bend received two new U.S. patents for its innovative MSM technologies that make mobile device updates faster, simpler and more cost-effective. The patents cover Red Bend's methods for revertible and failsafe in-place updating, which improve the user experience and enable Red Bend's customers to reduce support costs and increase service revenues.
  • Industry Recognition - VisionMobile recognized vRapid Mobile for the distinction of being in the top five percent of mobile software shipments. Red Bend also was awarded second place in the Deloitte Technology Fast 50 for 4,336 percent revenue growth over five years.

"2009 was a very good year for Red Bend, in spite of the challenging global economy," said CEO Yoram Salinger. "Our customer momentum, market expansion and financials were stronger than ever. We renewed and expanded key contracts, added many new customers including Borqs and Fujitsu, and expanded our relationships with two of the most respected global operators -- China Mobile and NTT DOCOMO. I believe our performance will remain strong in 2010. The number of customer engagements under way continues to exceed past years, and each of our territories is forecasting growth as we expand into new products and new markets."

Red Bend-Enabled™ Devices as of Q4 2009      
 
  Q4 09 Q3 09 Q2 09 Q1 09
(Shipments per Quarter)        
New Mobile Devices 60 million 55 million 45 million 45 million
         
New Device Models 65 42 77 62
         
(Cumulative to Date)        
Total Mobile Devices 680 million 620 million 565 million 520 million
         
Total Device Models 520 455 413 336

Red Bend at CTIA
Red Bend will be at CTIA WIRELESS 2010 this week at the Las Vegas Convention Center. Company experts will be available to discuss and demonstrate the company's products in meeting room MR-340. Contact Red Bend to schedule a meeting.

About Red Bend Software
Red Bend® Software (www.redbend.com), the leader in Mobile Software Management (MSM), provides software solutions for managing firmware, applications and devices over the air. The company's award-winning products enable device manufacturers, mobile operators and software developers to increase revenues, reduce support costs and achieve faster time to market by remotely managing their software assets on mobile devices. Red Bend's software has been deployed in 680 million mobile devices by eight of the top 10 handset manufacturers and leading mobile operators such as NTT DOCOMO and China Mobile, as well as dozens of other companies in the mobile, M2M and WiMAX markets. Unlike device management vendors with proprietary end-to-end systems and manufacturers' internally developed solutions that are platform specific, Red Bend is the only company offering independent client software that is interoperable with any standards-based server and that works with any platform on any type of mobile device. Founded in 1999, Red Bend is a privately held, venture capital-financed company with offices in China, Israel, Japan, Korea, the U.K. and the U.S.

Contact Information

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