On October 7, 2016, NetMotion Wireless Holdings, Inc., a portfolio company of Stradling client Clearlake Capital Group, completed its sale to affiliates of The Carlyle Group pursuant to the previously announced Agreement and Plan of Merger. Financial terms of the transaction were not disclosed.
Based in Santa Monica, Clearlake is a leading investment firm focused on private equity and special situation transactions with over $3.5 billion of assets under management. NetMotion Wireless is a leading provider of mobile security and network performance management software solutions. Carlyle is a leading global alternative asset manager with approximately $176 billion of assets under management.