Clearlake Capital Group acquired NetMotion Wireless today in hopes the wireless company will help accelerate the investment firm's growth.
Behdad Eghbali, founding partner at Clearlake, said the company hopes to "bring NetMotion's products to many untapped markets and deliver next generation solutions to continue serving the company's loyal customer base."
NetMotion’s Mobility XE product suite is the market’s leading mobile VPN, which increases data security and mobile worker productivity. It enables secure, reliable and persistent mobile connections to corporate networks across wireless coverage areas and between disparate wireless networks.
In addition, the new Locality product from NetMotion is the first and only cellular network performance management software, which provides organizations the insight and visibility needed to optimize their mobile data deployments.
“More than 650,000 licenses of our products have been sold to date," said NetMotion CEO Bob Hunsberger. "And with increasing demand from new industries and geographies for advanced mobile connectivity and productivity solutions, we believe the company has a very robust market opportunity."
Chris Gibbons, a Clearlake operating partner and former chief information officer of Microsoft Corporation, will serve as chairman of NetMotion’s board of directors. Gibbons said, "NetMotion’s Mobility and Locality products are scalable platforms that enable superior functionality for a range of customers from local businesses through global enterprises."
