Red Bend Reports 3Q Growth1
Red Bend Software, a provider of mobile software management, set a new company record for quarterly shipments as its vRapid Mobile, vDirect Mobile and VLX software products were embedded in 85 million mobile phones and connected devices in the third quarter of 2010, the Company noted in a release on December 21.
That brings Red Bend’s total shipments to 915 million. Q3 shipments were up 48 percent from third quarter last year, outpacing overall mobile phone shipments, which rose 35 percent year over year.
In September, Red Bend entered the high-growth Mobile Virtualization market through the acquisition of VirtualLogix and its mobile virtualization solution, VLX. As part of integrating the two companies, Red Bend has appointed two new members to its management team to lead its mobile virtualization business.
Michel Gien, cofounder of VirtualLogix, serves as Red Bend’s executive vice president and general manager for mobile virtualization. Christian Jacquemot, cofounder of VirtualLogix, serves as CTO and vice president of engineering for mobile virtualization. The two men, pioneers in the mobile virtualization space, will continue to be based in Red Bend’s development center in Montigny-le-Bretonneux, France.
Third-Quarter Highlights: Forty-three new Red Bend-Enabled mobile devices shipped in the quarter, bringing the total to 707, including: -Samsung Galaxy Europa GT-i5500 - featuring Red Bend’s vRapid Mobile firmware over-the-air updating software with 71 percent market share, according to industry analyst firm Ovum -Sony Ericsson Xperia X8 - featuring Red Bend’s vRapid Mobile and vDirect Mobile device management software, an OMA DM client -Kyocera/Sanyo Zio SCP 8600 and Zio M6000 phones from Sprint -NEC N-08B and Sharp Lynx SH-10B mobile internet devices from NTT DOCOMO -The Acer BeTouch E130, E120 and E110 - low-cost Android smartphones featuring Red Bend’s VLX mobile virtualization solution, the most widely deployed mobile hypervisor -The K-Touch W606 and Coolpad W711, both available from China Unicom "Q3 was a game-changer for Red Bend and the mobile industry," said Red Bend CEO Yoram Salinger. "Not only did we set a new company record for MSM shipments, but with the acquisition of VirtualLogix and its market-leading mobile hypervisor we set in motion the convergence of Mobile Software Management and Mobile Virtualization.
"I’m extremely pleased to have Michel Gien and Christian Jacquemot bring their leadership in mobile virtualization to the Red Bend management team. The strength of our team combined with the most widely deployed and trusted solutions for mobile software management and mobile virtualization will enable our customers throughout the mobile ecosystem to develop feature-rich, highly customizable, affordable and secure mobile phones and connected devices." Red Bend Software is a provider of mobile software management.