HARMAN Completes Acquisition of Redbend
March 02 2015 - 8:00AM
Business Wire
HARMAN International Industries, Incorporated (NYSE:HAR), the
premier audio, visual, infotainment and enterprise automation
group, today announced the successful completion of its acquisition
of Redbend Ltd). Israeli-based Redbend is a leading provider of
software management technology for connected devices, and
over-the-air (OTA) software and firmware upgrading services.
“The addition of Redbend’s talented employee base and technology
portfolio further positions HARMAN for leadership and growth in the
emerging Internet of Things marketplace,” said Dinesh C. Paliwal,
Chairman, President, and CEO of HARMAN. “In the connected car,
Redbend’s cutting-edge OTA and virtualization technology will help
us tackle two of the most significant challenges – upgradeability
of embedded software systems and cybersecurity – to deliver a
connected car experience that is safer, smarter and more
efficient.”
Redbend has more than 15 years of technology development
experience, delivering the most advanced software management and
OTA solutions to top handset manufacturers and mobile carriers.
Building upon Redbend’s established strength in the mobile and
carrier markets, HARMAN will accelerate growth in the automotive
space, positioning Redbend software as the de facto standard for
OTA software service updates for mobile devices and automotive
applications.
Sophisticated software platforms such as Redbend are the
cornerstone of a steadily increasing number of integrated and
interoperating devices, and are ideally suited to meet the rising
demands of the connected car, in managing updates for firmware,
middleware, third party apps, and other services. Redbend solutions
also serve as critical prerequisites for autonomous driving. There
are more than 2 billion Redbend enabled devices in the market
globally, which are regularly being updated.
Redbend will operate within HARMAN as an independent business
unit led by its existing management team.
About HARMAN
HARMAN (www.harman.com) designs, manufactures and markets
premier audio, visual, infotainment and enterprise automation
solutions for the automotive, consumer and professional markets.
With leading brands including AKG®, Harman Kardon®, Infinity®,
JBL®, Lexicon® , Mark Levinson ® and Revel®, the Company is admired
by audiophiles, musicians and the entertainment venues where they
perform. More than 25 million automobiles on the road today are
equipped with HARMAN audio and infotainment systems. HARMAN has a
workforce of approximately 17,600 people across the Americas,
Europe, and Asia and reported sales of $5.9 billion during the last
12 months ended December 31, 2014. The Company’s shares are traded
on the New York Stock Exchange under the symbol NYSE:HAR.
© 2015 HARMAN International Industries, Incorporated. All rights
reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson
are trademarks of HARMAN International Industries, Incorporated,
registered in the United States and/or other countries. AKG is a
trademark of AKG Acoustics GmbH, registered in the United States
and/or other countries.
HARMAN International Industries, IncorporatedDarrin Shewchuk,
+1-203-328-3834Director, Corporate
Communicationsdarrin.shewchuk@harman.com
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