Remember Mformation Technologies, the provider of mobile device management software solutions that initially won a $147.2 million patent lawsuit against Research In Motion (RIM), only to see the verdict overturned less than a month later?
Terms of the deal were not shared, but Clearlake says it will be pumping an undisclosed amount of fresh capital into Mformation (which is now the company’s full name, sans ‘Technologies’) and that its management team and operations will “largely remain the same”.
Earlier this month, Clearlake also acquired NetMotion Wireless, a provider of mobile virtual private network (VPN) and network performance management software solutions.
Mformation’s solution enables mobile operators, managed service providers and enterprises to manage, support and secure all types of mobile devices, across all network types, remotely. The company claims that it has more than 500 million devices under management and over 50 service provider and enterprise MSP customers.
Theoretically, Mformation can still appeal the recent overturning of that verdict, but since a jury had vacated the $147.2 million award, it would basically have to start litigating from scratch.
That seems unlikely under the wings of its new owners.