The Carlyle Group LP (Nasdaq: CG) has agreed to acquire wireless technology company NetMotion Wireless Inc. from Clearlake Capital Group LP. Carlyle is making the investment out of the Carlyle Europe Technology Partners III, which closed in 2015. The Washington, D.C., firm has been increasing its investments in the middle market recently, including raising the Carlyle US Equity Opportunity Fund II LP, which closed earlier in 2016.
NetMotion, based in Seattle and founded in 2001, develops software to manage and secure wireless data for companies with mobile workers. Clearlake acquired NetMotion in 2012.