**Editor's Note: Please click here for the biggest M&A in Q2 2012 in the service-provider and BSS/OSS spaces.**
Clearlake Capital Group has acquired substantially all of the assets of Mformation Software Technologies, a provider of mobile device management (MDM) software solutions.
Clearlake says it is providing a significant capital infusion to accelerate the company’s growth. The new company will retain the name Mformation and its headquarters will stay in Edison, New Jersey. Don't expect major changes to Mformation's management team either – Clearlake says leadership will largely remain the same.
Mformation provides a complete solution that enables mobile operators, managed service providers (MSPs) and enterprises to remotely manage, support and secure all types of mobile devices across all network types. The company says its Mformation Service Manager and Mformation Enterprise Manager suites are complete, flexible and integrated, supporting end-to-end management across the broadest possible range of endpoints, from mobile devices to connected computing devices and machines.
“With more than 500 million devices under management, over 50 leading service provider and enterprise MSP customers, and growing demand for advanced mobile device management solutions from mobile operators and large organizations, we believe Mformation has a significant and growing market opportunity," said Todd DeLaughter, Mformation CEO. “We are excited to partner with the Clearlake team, who shares our vision for the Company’s potential and brings financial and operational expertise to help us execute on our plan for continued growth."
Terms of the deal weren't disclosed.