Tuesday, September 11, 2012
Clearlake Capital Group Buys NetMotion Wireless
Santa Monica-based investor Clearlake Capital Group, L.P. announced this morning that it has acquired NetMotion Wireless, a developer of mobile virtual private network (VPN) and network performance management software. Financial terms of the deal were not disclosed. NetMotion Wireless was based in Seattle. Clearlake said that Behdad Eghbali and Prashant Mehrotra have both joined the NetMotion Wireless board as part of the buy.