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Clearlake Capital Group Acquires Movero, Inc.

Clearlake Capital Group, L.P.

Represented Clearlake Capital Group, L.P. in its acquisition of Movero, Inc., a mobility management services expert. A new company, Calero Software, LLC, was formed out of the deal, which will provide Communications Lifecycle Management ("CLM") software and related solutions to enterprises globally. Calero is wholly owned by Clearlake.

Clearlake Capital Group 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 currently manages approximately $1.4 billion of equity capital.