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2009 Reflections and 2010 OutlookBy Yoram SalingerCEO, Red Bend Software The 2009 global economic climate was terrible. Handset shipments saw a decline and manufacturers and operators struggled to maintain market share. How did Red Bend fare amid the rollercoaster? Simply put, despite market challenges, 2009 was an extremely good year for us. Our customer momentum, market expansion and financials were stronger than ever. We renewed and expanded key contracts and added many new customers, including Borqs, Fujitsu and Sagem Communications. Perhaps the most noteworthy accomplishment, however, was in our expansion of relationships with some of the most respected global operators. China Mobile chose Red Bend to provide FOTA and device management for mobile phones that use the Android-based OPhone OS (Open Mobile Phone Operating System). And NTT DOCOMO signed a multi-year agreement for our full Mobile Software Management (MSM) product suite for use across DOCOMO’s platforms. Looking ahead in 2010, industry experts are predicting a “recovery” of sorts this year. While there is no crystal ball, I believe it will be another strong year for Red Bend. The number of customer engagements already underway continues to exceed those of past years, and every Red Bend territory is forecasting growth as we expand into new products and new markets. From a broad market perspective, we expect to see merger and acquisition activity heat up. While some companies closed their doors in 2009, those who were doing well were hard to value amid market instability. Now, with a sense of recovery, many companies are hurrying to make smart acquisitions before a full recovery equals increased valuations. Our company vision goes far beyond mobile phones. We believe we have an important role to play in managing software in the growing number of wirelessly connected devices from netbooks to e-readers to automobiles to utility meters, and to device types not yet launched. We will be listening and responding carefully to changing market requirements. Our success depends in part on our ability to anticipate and respond to macro-level trends in the mobile ecosystem. We were the first to truly understand the significant role that software would play in generating value for the mobile industry and for delivering a compelling user experience for mobile consumers. The players that know how to harness and manage those software assets will win, and this is what Red Bend is enabling for its customers. At the end of the day, when people ask me which factors I feel contribute most to our success, I confidently point to the un-matched dedication of our people. It is because of them that we can earn the trust of our customers through both our innovative products and our top-notch support. 2010 will be no different in that respect. To our customers, partners, press, analysts and peers – We thank you for joining us along the way and we look forward to working with you to make 2010 a great year for the mobile industry. Labels: Red Bend Software
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