NETMOTION WELL POSITIONED FOR NEXT PHASE OF GROWTH
Leading Provider of Next Generation Mobile Security and Network Performance Management Software Poised to Accelerate Growth
Seattle, WA and Santa Monica, CA (Feb. 12, 2015) – Clearlake Capital Group, L.P. and NetMotion Wireless today announced that Clearlake Operating Advisor John Ferron has joined NetMotion as Chief Executive Officer and Daniel Jackson has joined NetMotion as Senior Vice President of Sales. NetMotion, a leading provider of next generation mobile security and network performance management solutions, was acquired by affiliates of Clearlake in September 2012. Mr. Ferron and Mr. Jackson have been serving at NetMotion since late 2014.
Behdad Eghbali and Prashant Mehrotra of Clearlake said, “NetMotion has continued to be a tremendous story since we partnered with the company in 2012. NetMotion has achieved consecutive years of top-line growth while servicing new customers across various verticals. 2014 was a flagship year for the company in which NetMotion achieved multiple milestones including record growth and revenue, successful integration of an acquisition and the launch of new market leading products. We are pleased to have John and Daniel join NetMotion at this exciting time. They are accomplished leaders that will help drive NetMotion into its next phase of growth as we pursue opportunities to build on this platform and capitalize on strong trends in mobile security and mobile network performance management.”
Early in 2014, NetMotion acquired Broadbeam Enterprise Mobility, previously a business unit of MobileAware, Ltd. Broadbeam, was a leading provider of enterprise mobility solutions for secure and mobile connectivity to PCs and mobile devices. The acquisition was highly strategic given Broadbeam’s attractive customer base, exposure to the European markets, and vertical overlap with NetMotion. NetMotion is expanding its international footprint and partner channel to accelerate revenue growth. In addition to recent partnerships with Ingram Micro Mobility in Europe and Mobizen in Mexico, NetMotion announced this year a pan-European agreement with Panasonic.
NetMotion continues to innovate and enhance its product suite. During 2014, NetMotion introduced iOS and Android versions of its Mobility solution and has seen significant momentum and enterprise demand for these products. NetMotion is excited to support the efforts of these new customers in their plans for company-wide device rollouts that they were unable to achieve before. In addition to the support for iOS and Android platforms, NetMotion expanded the Mobility feature set and brought Mobility Commercial Edition to market. This was followed in 2015 by the launch of NetMotion Diagnostics, enabling the world’s first self-diagnosing mobile direct connectivity and security solution. The enhanced solution portfolio greatly expands the addressable market opportunity for NetMotion.
“NetMotion has a tremendous foundation as a leader in mobile security and mobile network performance management solutions. I am honored to lead the Company and look forward to working with the talented NetMotion team and its customers as we look to set the new standard in this space,” said Mr. Ferron.
“NetMotion had an incredible year in 2014 and has laid the foundation for future accelerated growth. The Company is poised for expansion and to benefit from significant market trends, including the increasing need for remote accessibility, greater compliance regulations, explosion of mobile and wireless devices within organizations, and the increase in advanced and complex threats.”
Mr. Ferron brings a wealth of executive leadership experience primarily in high growth, technology-driven companies. In addition, Mr. Ferron brings forth a strong operational and financial background. Mr. Jackson adds significant executive as well as sales and leadership experience, and has a proven track record in driving growth in the security software industry.
ABOUT NETMOTION WIRELESS
NetMotion Wireless is a leading provider of next generation mobile security and mobile network performance management solutions. The company’s products address the unique challenges created by mobile workforces by providing the security, visibility, diagnostics and control that IT departments demand, while minimizing the connectivity challenges faced in the field, so mobile workers can be more productive. Thousands of enterprises around the world are using NetMotion products to keep millions of mobile workers connected to applications. The company is headquartered in Seattle, Washington. Visit www.netmotionwireless.com.
ABOUT CLEARLAKE CAPITAL GROUP CLEARLAKE CAPITAL GROUP, L.P.
is a private investment firm focused on special situations and private equity investments such as corporate divestitures, recapitalizations, buyouts, reorganizations, turnarounds and other equity investments. Clearlake seeks to partner with world-class management teams by providing patient, long-term capital and operational expertise to invest in dynamic businesses. Clearlake currently manages approximately $1.4 billion of equity capital, and Clearlake’s founding principals have led over 70 investments totaling more than $3 billion of capital in sectors including software, business services, communication, consumer products/retail, defense/public safety, energy/power, healthcare, industrials, media, and technology. For more information, please visit www.clearlakecapital.com.
MEDIA CONTACT
For NetMotion Wireless:
Lindsay Stril
VOXUS PR
[email protected]
(253)-444-5443
For Clearlake Capital Group:
Kristin Celauro
Owen Blicksilver Public Relations, Inc.
[email protected]
(732)-264-1131
