Red Bend Receives $10 Million in Funding to Meet Market Demand for Mobile Software Management.

"Red Bend Software... today announced that it has secured $10 million in funding to fuel the company’s expansion into the mobile and machine-to-machine (M2M) markets... Red Bend will use the new funds for sales and marketing to grow its position in the mobile market as well as seize new opportunities in licensing its software for other connected wireless devices such as mobile broadband PC cards, USB modems, embedded chipsets and M2M modules."