Red Bend Software, a provider of mobile software management, has acquired VirtualLogix, a provider of real-time virtualisation technology for mobile handsets in which DFJ Esprit was a significant minority shareholder.
The addition of VirtualLogix’s products and team enables Red Bend to enter the high-growth mobile virtualisation market and broaden its management solutions for device manufacturers, semiconductor vendors, software developers and service.
Terms were not disclosed. The sale represents venture capital firm DFJ Esprit’s second exit this year.
"Today marks the beginning of a new era for Red Bend Software and a preview of what’s to come in the mobile industry. Mobile software management and mobile virtualisation are converging, creating a strategic enabler for our customers to deliver the next generation of devices and services," says Yoram Salinger, chief executive of Red Bend Software.
Red Bend Software was founded in 1999 to solve the challenge of remotely managing software in constrained operating environments. In 2003, it entered the mobile phone market with a solution for updating firmware over the air.
"Red Bend’s leadership in software management and VirtualLogix’s leadership in mobile virtualisation are a powerful fit," says Glenda Dorchak, vice chairman and chief executive of VirtualLogix. "This acquisition uniquely positions Red Bend to provide customers with new capabilities for improving how handsets are developed, applications are delivered and services are provisioned, all of which will make virtualised mobile devices a mass-market reality."
VirtualLogix’s staff in France, Taiwan, Japan and the US join Red Bend’s organisation effective immediately. The combined company has approximately 150 employees.