Harman snaps up Red Bend Software for $170 million

Software management firm Red Bend Software has been acquired by audio and visual infotainment group Harman International for a fee of $170 million.
The deal seems like a good fit for Harman, which was perhaps missing a connectivity string to its bow and Dinesh C. Paliwal, chairman, president, and CEO of Harman confirmed it was a strategic purchase.
“This acquisition of Red Bend, a true pioneer in OTA and virtualisation technologies for cyber security, adds a critical component to our automotive systems...