StoneCalibre Acquires Amtel

Los Angeles-based private equity investor StoneCalibre said this morning that its portfolio company, NetPlus, has acquired Santa Clara-based Amtel Inc.. Financial details of the acquisition were not announced. Amtel is a developer of mobility and expense management software for the enterprise market, including software for managing mobile devices, mobile apps, and expense management, particularly for BYOD (bring your own) devices. StoneCalibre acquires lower middle market companies, and is led by Brian Wall.