Mformation Appoints Kevin A. Wood as President and CEO to Lead Rapid Market Expansion

Edison, NJ  (Profitable.com)  Mformation Software Technologies Inc., the leading global provider of mobility management solutions, today announced the appointment of Kevin A. Wood as President and CEO to lead the company through its next stage of growth. Kevin succeeds Todd DeLaughter, who will remain a strategic advisor to the company.

“We are very excited to have Kevin as the CEO of Mformation. We believe Kevin’s combination of operating skill, mobile technology experience, and market knowledge make him a fantastic choice to lead Mformation as it capitalizes on the rapid expansion of the enterprise managed mobility market,” said Behdad Eghbali, founding partner of Clearlake Capital Partners, which owns Mformation. “We want to thank Todd DeLaughter, who led Mformation for the last four years, and who will continue to be involved in the company’s expansion in his role as a strategic advisor and Clearlake executive council member.”

“I am excited by the opportunity to lead Mformation,” said Wood. “We have amazing assets, tremendous talent, and an unmatched legacy of innovation and execution. I look forward to executing on Mformation’s compelling vision for delivering the next generation of solutions for managing mobility. With Clearlake’s backing, and the growing market demand for more robust mobility management solutions that can scale to handle millions of mobile endpoints, Mformation has a superb opportunity to seize market share. We will work to retain and expand the company’s installed base of premiere customers, and to ensure that all of our customers continue to get strategic value from Mformation’s solutions for managing the mobile experience.”

“Mformation is an outstanding company with extremely driven, world-class, talented employees, and it has been an honor to serve as the company’s CEO,” said DeLaughter. “I am proud of what we have accomplished together, and am excited about working with Kevin and Clearlake to take the company into its next phase of innovation and growth.”

Kevin brings more than 20 years of executive leadership to Mformation. He was previously President and CEO of Airwide Solutions, a leader in mobile data, messaging, security and content solutions, where he led the company to dramatic growth, profitability and market leadership, and ultimately a successful exit. Prior to Airwide Solutions, Kevin was President, Americas for Comverse Network Systems. During his tenure at Comverse and its predecessor company Boston Technology, he was part of the management team that grew Comverse from the first few million dollars to over $1.2 billion in revenues, establishing it as a global leader in the communications enhanced services market. Most recently, Kevin was the founder and CEO of Cambria Technology Group, an advisory firm working with private equity firms focusing on mobile-enabled services, including enterprise mobility, mobile security, mobile applications and M2M services.

About Mformation

Mformation Software Technologies Inc. is the pioneer and leading global provider of management solutions for wirelessly connected devices. A private company, Mformation is owned by Clearlake Capital Partners, a middle-market private equity firm. Since 1999, Mformation’s solutions have been deployed by the largest mobile operators and managed service providers worldwide. With over 500 million devices under management, Mformation enables operators, service providers and enterprises to manage and secure wirelessly connected devices and the applications and services on them over any wireless network. Mformation’s award-winning Mformation Service Manager and Mformation Enterprise Manager software platforms provide solutions for next-generation service enablementsmart customer interactionM2M device management and enterprise mobility management for operators, managed service providers and enterprises. For more information visit www.mformation.com.