M&A Deal Summary

Clearlake Capital Acquires NetMotion Software

On September 11, 2012, private equity firm Clearlake Capital acquired software company NetMotion Software from Liberty Partners

Acquisition Highlights
  • This is Clearlake Capital’s 3rd transaction in the Software sector.
  • This is Clearlake Capital’s 11th transaction in the United States.
  • This is Clearlake Capital’s 1st transaction in Washington.
Investment Fate
  • NetMotion Software was sold to a consortium of financial buyers in 2016.
  • NetMotion Software was sold to a publicly-traded strategic buyer in 2021 for 340M USD.

M&A Deal Summary

Date 2012-09-11
Target NetMotion Software
Sector Software
Buyer(s) Clearlake Capital
Sellers(s) Liberty Partners
Deal Type Secondary Buyout
Advisor(s) Sagent Advisors (Financial)

Target

NetMotion Software

Seattle, Washington, United States
NetMotion Software is a privately held software company that develops software for organizations with mobile workforces, focusing on security, management, and optimization of their wireless data deployments. NetMotion Software was founded in 2001 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 12 of 93
Sector: Software M&A 3 of 19
Type: Secondary Buyout M&A Deals 1 of 40
State: Washington M&A 1 of 1
Country: United States M&A 11 of 88
Year: 2012 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 Aptean

Alpharetta, Georgia, United States

Aptean provides industry-specific software solutions that help businesses manage their resources, supply chains, employees, and customer relationships. The company offers clients ERP, supply chain management, and customer experience solutions. Aptean was founded in 2012 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-24 Mformation Software Technologies

Edison, New Jersey, United States

Mformation Software Technologies LLC is a provider of mobile device management software that enables mobile operators and service providers to manage and control wireless computing devices, consumer electronics, and other machines.

Buy -

Seller(S) 1

SELLER

Liberty Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Liberty Partners is a private equity investment firm that targets controlling or substantial-minority investments in North American companies. Liberty looks for opportunities in manufacturing, business services, and education-related companies and seeks to invest $20 to $75 million of equity capital per transaction. Target businesses generally have at least $50 million in revenues and at least $6 million in EBITDA. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, going-privates, build-ups, and growth financings. Liberty Partners was formed in 1992 and is based in New York City.


DEAL STATS #
Overall 26 of 32
Sector: Software M&A 3 of 3
Type: Secondary Buyout M&A Deals 6 of 9
State: Washington M&A 1 of 1
Country: United States M&A 26 of 32
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 Healthx

Indianapolis, Indiana, United States

Healthx is a provider of Internet-enabled healthcare claims information to middle-market employers and their employees, small insurance brokers and third-party administrators. The Company's system creates a dynamic, customizable and cost-effective environment that accelerates the exchange of vital information used in the purchase of and payment for healthcare services via the Internet.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 Source Technologies

Charlotte, North Carolina, United States

Source Technologies, LLC is a provider of power to control financial transactions in real time using dynamic hardware, software and self-service solutions. Company products include magnetic ink character recognition (MICR) printers for printing checks and other negotiable documents using a level of security unrivaled in the industry.

Sell -