WALTHAM, MA -- 10/29/07 --
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 are 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.
Media Contact:
Matt McCarthy
Red Bend Software
(617) 729-3175
Email Contact
