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Red Bend Software Surpasses Forecast and Reaches New Milestone With 365 Million Mobile Devices WorldwideWALTHAM, MA--(Marketwire - July 21, 2008) - Red Bend Software, the market leader in MobileSoftware Management (MSM), today announced that its market-leadingvCurrent® Mobile software has shipped in more than 365 million mobiledevices worldwide, surpassing its original forecast of 360 million. Thisnew milestone represents a 140% year-over-year growth rate since secondquarter 2007, when the company's firmware over-the-air (FOTA) softwareshipped in 150 million devices. Red Bend also expanded its number oflicensees by three, for a total of 32 customers of its MSM solutions. Thenew licensees are based in China, signaling Red Bend's rapid growth in thatmarket. Red Bend forecasts that in the third quarter its software willreach 430 million mobile devices, including mobile phones, mobile broadbandPC cards, USB modems and machine-to-machine (M2M) wireless modules.
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