Red Bend and Telit to improve software management of m2m wireless devices.

"Red Bend Software... today announced that Telit Wireless Solutions SpA., an international provider of cellular m2m (machine-to-machine) technology, has licensed Red Bend's vCurrent® Mobile client software for use in its m2m product portfolio. The non-exclusive agreement represents a significant new market opportunity for Red Bend within the growing m2m sector, which is expected to be worth $285 billion and reach 500 million modules deployed worldwide by 2010, according to market research firm, IDATE."