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Clearlake Capital to Sell NetMotion Wireless to The Carlyle Group (CG)

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Clearlake Capital Group Announces Sale of NetMotion Wireless to The Carlyle Group

August 15, 2016 7:00 AM EDT

SEATTLE & SANTA MONICA, Calif.--(BUSINESS WIRE)-- Clearlake Capital Group, L.P. (together with its affiliates, Clearlake) announced today that NetMotion Wireless, Inc. (NetMotion or the Company), a provider of mobile security software solutions, has entered into a definitive agreement to be acquired by The Carlyle Group (NASDAQ:CG; Carlyle). The transaction is expected to close in the third quarter of 2016, subject to normal closing conditions and regulatory approvals. Financial terms were not disclosed.

Since Clearlakes acquisition of the Company in 2012, NetMotion has built on its leadership position in the mobile security market. NetMotion mobile security solutions manage, optimize,... More