Clearlake Capital’s NetMotion names new president and CEO

NetMotion WIreless, which is owned by Clearlake Capital, has hired Jim Ryder as president and Cary Baker as chief financial officer. Headquartered in Seattle, NetMotion is a provider of enterprise mobility management software and solutions.

PRESS RELEASE

Seattle, WA – June 5, 2014 – NetMotion Wireless, provider of mobility management software and solutions, today announced two key executive appointments: Jim Ryder as President and Cary Baker as Chief Finance Officer (CFO). The expansion of the company’s executive leadership team will help promote NetMotion’s core strategic objectives centered on maximizing growth potential, accelerating international expansion and advancing product innovation. NetMotion was acquired by affiliates of Clearlake Capital Group in September 2012.
As President, Ryder will lead go-to-market operations at NetMotion with Baker focused on business financials to advance operations, drive growth and maximize profits. Ryder is a veteran wireless sales, marketing and operations executive with more than 20 years of experience expanding and building new revenue streams for technology businesses, including Advanced Microscopy Group, Clearwire Corporation and Nextel Partners, Inc. Baker brings a proven track record of successfully managing the financials for high-growth mobile-centric businesses, previously holding key leadership roles at Clearwire Corporation, Boost Mobile and Sprint. NetMotion’s CEO Erik Prusch worked closely with both Ryder and Baker in the past to build a successful and dynamic growth company.
“It takes a unique combination of expertise, drive and ingenuity to continually achieve results in highly competitive technology markets,” said Prusch. “As we concentrate on expanding our business, Mr. Ryder and Mr. Baker both deliver outstanding operational experience working with high-growth companies and have proven abilities in rapidly scaling sales and marketing operations. Strengthening our executive leadership ensures a bright future for NetMotion, and we’re excited to add them both to the team.”
Behdad Eghbali and Prashant Mehrotra of Clearlake said, “We are enthusiastic about the large and growing market opportunity for NetMotion and continue to invest in the management team and product roadmap to capitalize on the global demand for business-critical mobility solutions. Jim and Cary will bring a combination of extensive sales experience, operations improvement and global go-to-market expertise to NetMotion that will help accelerate our continued growth and success.”
“The growth potential for the mobility market for enterprises is enormous,” said Ryder. “Enterprises have just begun to scratch the surface of what a highly productive mobile workforce can do. NetMotion has the products, the devoted customer base and the talent to extend our leadership position. I’m looking forward to putting my experience and expertise to work for such a promising company at this exciting point in its growth trajectory.”
“Wireless connectivity is changing the way the world does business, and NetMotion is at the forefront with unique offerings, a large U.S. market share and aggressive expansion plans across Europe, Asia, Latin America and beyond,” said Baker. “I’m excited to be a part of a company with such an ambitious market strategy.”
About NetMotion Wireless
NetMotion Wireless develops mobility management software for organizations with mission-critical mobile workforces. The company’s products address the unique challenges created by these workforces by providing the security, visibility, and control that IT departments demand, while minimizing the connectivity challenges faced in the field, so mobile workers can be more productive. Thousands of enterprises around the world are using NetMotion products to keep millions of mobile workers connected to applications. The company is headquartered in Seattle, Washington. Visit www.netmotionwireless.com
About Clearlake Capital Group
Clearlake Capital Group, L.P. 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 seeks to partner with world-class management teams by providing patient, long-term capital and operational expertise to invest in dynamic businesses. Clearlake currently manages approximately $1.4 billion of equity capital, and Clearlake’s founding principals have led over 70 investments totaling more than $3 billion of capital in sectors including automotive, business services, consumer products/retail, defense/public safety, energy/power, industrials, and technology. For more information, please visit www.clearlakecapital.com

 

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