NetMotion Software

About NetMotion Software

NetMotion Software, established in 2001 as a spin-off from WRQ, carved a niche in network security and performance management before its acquisition by Absolute Software. The company's journey involved several ownership changes, including a merger with Padcom, Inc. in 2006 and acquisitions by Clearlake Capital Group in 2012 and The Carlyle Group in 2016. A significant milestone occurred in July 2021, when Absolute Software acquired NetMotion for approximately $340 million in an all-cash transaction, integrating it as a wholly-owned subsidiary.

NetMotion specialized in providing a unified platform designed to secure and optimize the experience for mobile and remote workforces. Its business model centered on selling its software solutions to a diverse client base that included enterprises, public safety agencies, airlines, and healthcare organizations. Prior to its acquisition, the company supported over 3,000 organizations and a million users globally. The company operated on a subscription-based model, generating recurring revenue. In the twelve months leading up to March 31, 2021, NetMotion reported approximately $60 million in revenue and showed an 18% year-over-year growth.

The company's core offering was a Secure Access Service Edge (SASE) platform, which consolidated several key technologies. This platform featured a mobile-first enterprise Virtual Private Network (VPN) designed for resilient connectivity, insulating applications from network interruptions. A crucial component was its Zero Trust Network Access (ZTNA), which operated on a 'deny by default' principle, granting access to corporate resources based on dynamic, contextual data from each device to minimize security risks. Furthermore, the platform included Digital Experience Monitoring (DEM), providing IT teams with real-time visibility into device, application, and network performance to proactively resolve issues for remote workers. This integrated approach allowed organizations to transition from traditional remote access to a more secure, zero-trust model without disrupting user productivity.