Harman acquires Red Bend Software for $200m

Software management technology company Red Bend is based in Hod Hasharon.

Veteran Israeli company Red Bend Software was sold today for $170 million in cash and shares, and a further $30 million in milestone performance payments by 2017. The buyer is US company Harman International Industries Inc. (NYSE: HAR), which makes vehicle entertainment and information systems. Harman’s market cap is $6.7 billion.

 

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