NetMotion Wireless Acquired by Clearlake Capital Group
Summary
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.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.