Red Bend Buys VirtualLogix
Red Bend Software, a Waltham, MA-based company that makes systems for over-the-air management and updating of software on mobile devices, said Tuesday that it has acquired Santa Clara, CA-based VirtualLogix for an undisclosed sum. VirtualLogix makes virtualization software that allows mobile handsets to run multiple operating systems. “Today marks the beginning of a new era for Red Bend Software and a preview of what’s to come in the mobile industry,” Red Bend CEO Yoram Salinger said in a statement. “Mobile software management and mobile virtualization are converging.” Founded in 1999, Red Bend has raised at least $32.5 million in five rounds of venture financing.