NetMotion Wireless, a Seattle, Washington-based provider of mobile virtual private network and network performance management software solutions, has been acquired by Clearlake Capital Group.
The amount and other terms of the transaction were not disclosed.
The company intends to use the proceeds to expand adoption of its products in different industries and geographies.
Led by Bob Hunsberger, CEO, NetMotion develops software to manage, secure and optimize wireless data deployments for organizations with mobile field workers. Customers include more than 2,000 enterprise, government, utility, healthcare, public safety, insurance and other organizations. Mobility XE product suite increases data security and mobile worker productivity by enabling secure, reliable and persistent mobile connections to corporate networks across wireless coverage areas and between disparate wireless networks. Locality product is a cellular network performance management software, which provides organizations the insight and visibility needed to optimize their mobile data deployments.
In conjunction with the transaction, Chris Gibbons, a Clearlake Operating Partner and former Chief Information Officer of Microsoft Corporation, will join as chairman of NetMotion’s board of directors. Behdad Eghbali, Founding Partner at Clearlake and Prashant Mehrotra, Vice President at Clearlake will also join as directors of the board.
FinSMEs
11/09/2012