Mformation Technologies Acquired by Private Equity Firm
Private investment firm Clearlake Capital Group, L.P. has acquired substantially all of the assets of Mformation Technologies, Inc. — a provider of mobile device management (MDM) solutions. The companies say the deal will mean a significant capital infusion for Mformation, which, according to the investment firm, will accelerate the company's growth. The financial terms of the acquisition were not disclosed.
Clearlake said the company will be renamed Mformation, removing the Technologies from the name. The company's management team and operations team will remain mostly the same. Mformation will continue to provide its customers with MDM solutions.
Mformation will keep its headquarters in Edison, New Jersey. The company develops MDM software that enables mobile operators and service providers to manage, and control wireless computing devices. More than 500 million devices fall under Mformation's management.
To learn about the company's partner program, visit the company's website.