SOURCE: Red Bend Software

November 27, 2007 09:39 ET

Red Bend Software Ranks 6th in 2007 Deloitte Technology Fast 500 EMEA

Red Bend Attributes 14,347% Revenue Growth to Global Adoption of Its Mobile Software Management Solutions

MARLOW, UK--(Marketwire - November 27, 2007) - Red Bend Software, the market leader in Mobile Software Management and Firmware Over-the-Air (FOTA) updating solutions for mobile devices, today announced that it took 6th place in the 2007 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa. Rankings are based on percentage revenue growth during the past five years, from 2002-2006. Red Bend grew 14,347% during this period.

Red Bend Software CEO Yoram Salinger credits this substantial revenue growth to the global adoption of the company's mobile software management solutions. "Consumers are increasingly demanding greater sophistication from their mobile experience," Salinger said. "Red Bend's market-leading vCurrent® Mobile solution enables operators and manufacturers to deliver continuous feature enhancements and software improvements to mobile phones over-the-air, ensuring consumer satisfaction and building loyalty."

As of Q3, Red Bend's vCurrent Mobile client software for updating firmware over-the-air (FOTA) shipped in 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.

"Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company's products and its leadership," said Eric Morgain, partner in charge of Deloitte's Technology Fast 500 EMEA programme. "Red Bend Software has shown that it has chosen exactly the right strategy for growth."

In addition to its recognition on Deloitte's Technology Fast 500 EMEA list, Red Bend recently was named a Finalist in the GSM Association's Mobile Innovation Awards for the Most Innovative Wireless Device-Centric Technology.

Fast 500 Selection and Qualifications

The Technology Fast 500 list is compiled from Deloitte's EMEA Technology Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2002 operating revenues of at least EUR 50,000 and 2006 operating revenues of at least EUR 800,000.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in over 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting, and financial advisory services -- and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.

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.

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