Absolute Software Acquires NetMotion from The Carlyle Group

The Carlyle Group Acquires NetMotion Wireless from Clearlake Capital

August 15, 2016

Software

The Carlyle Group has signed a binding agreement to acquire NetMotion Wireless, a Seattle-based provider of mobile performance management software, from Clearlake Capital Group. NetMotion — which employs about 114 people and serves more than 3,500 organizations across utilities, healthcare, telecommunications, government and other sectors — will be scaled internationally with equity provided by two Carlyle funds.

Cambridge Mobile Telematics Acquires TrueMotion

June 17, 2021

Data & Analytics

Cambridge Mobile Telematics (CMT) has acquired TrueMotion, a leading mobile telematics provider, in a deal that combines the two largest smartphone-based telematics platforms to accelerate product innovation and scale. The combined company will expand CMT’s reach across insurers, fleets, automakers and mobility customers globally and strengthen capabilities in AI-driven driving risk measurement and real-time crash detection.

Absolute Performance (API) Acquires Network Design & Management (NDM)

October 11, 2022

IT Services

Absolute Performance, Inc. (an existing Seaside Equity portfolio company) has acquired Network Design & Management, Inc. (NDM), a provider of managed security and managed IT services. The add-on expands API's managed services platform by adding managed security/MSSP capabilities to better serve mid-market and enterprise clients across the United States.

Absolute Security Acquires Syxsense

September 5, 2024

Cybersecurity

Absolute Security has acquired Syxsense, a provider of automated endpoint and vulnerability management, to integrate its patching and remediation capabilities into Absolute’s firmware-embedded Cyber Resilience platform. Syxsense — a 2012-founded software company backed by Origami Capital’s Oquirrh Ventures and other investors — will continue to be supported while its technology is folded into Absolute’s offerings; financial terms were not disclosed.

Absolute Performance Acquires Zunesis, Inc.

August 9, 2021

IT Services

Absolute Performance, a Seaside Equity Partners portfolio company, has acquired Zunesis, Inc., an IT infrastructure and consulting provider based in Englewood, Colorado. The deal expands Absolute Performance's end-to-end IT managed services capabilities and strengthens the combined company's reach and capital base to support future platform growth.

Novanta Inc. Acquires Motion Solutions

November 14, 2023

Manufacturing

Novanta Inc. has agreed to acquire Motion Solutions for $189 million in cash, a provider of high-precision, customized motion subsystems and components for medical, life sciences, and advanced industrial OEMs. The acquisition (completed) expands Novanta's capabilities and presence in precision medicine, lab automation, medical robotics and related end markets; Motion Solutions is headquartered in Irvine, California and has over 110 employees and expected 2023 revenue of ~$85 million.