Motive, Inc
Motive, Inc. (previously Motive Communications) was a software manufacturer founded in May 1997 and headquartered in Austin, Texas.
| Type | Acquired by Alcatel-Lucent |
|---|---|
| Industry | software |
| Founded | 1997 |
| Headquarters | Austin, Texas, United States |
Key people | Alfred Mockett, Chairman & CEO |
| Products | Broadband management software |
| Revenue | US$97 million (2004) |
Number of employees | ~300 (2007) |
| Website | www.motive.com |
On June 17, 2008, Alcatel-Lucent announced that it had entered into a definitive agreement to acquire Motive through a cash tender offer for all outstanding Motive shares at a price of US$2.23 per share, representing a value of approximately $67.8 million.
Timeline
May 1997: Company founded by Scott Harmon, Scott Abel, Mike Maples Jr, Brian Vetter, Tom Bereiter
July, 1998: Releases its first product, signs Hewlett-Packard Co. as its first major customer.
Dec, 1999: Spins off all.com
2000–2003: Acquires three other Austin companies (Ventix, Question.com, BroadJump); merges with All.com.
June 25, 2004: Initial public offering; shares rise 1.5 percent to $10.15.
Oct. 27, 2005: Restates earnings for first and second quarters of 2005; cuts one-third of work force.
Nov. 14, 2005: Announces informal SEC inquiry into restatement of results (linked to revenue from resellers) and stock sales by certain executives.[1]
Jan. 20, 2006: Paul Baker resigns as chief financial officer.
Jan. 23, 2006: Receives extension to report fourth-quarter results.
Feb. 21, 2006: Chairman and CEO Scott Harmon resigns.
Apr. 10, 2006: Motive delisted by NASDAQ.
Oct. 24, 2006: Mike Fitzpatrick named CFO.
Jan. 16, 2007: Receives a cash infusion from Elion, a telecommunications provider in Estonia.
Apr. 12, 2007: SEC inquiry becomes a formal investigation.
June 17, 2008: Alcatel-Lucent announces intent to acquire Motive at $2.23 per share.[2]
References
- "SEC launches investigation of Motive". Austin Business Journal. November 15, 2005. Retrieved August 7, 2020.
- "Alcatel-Lucent completes acquisition of Motive, Inc". WebWire. Retrieved March 26, 2020.
External links
- Official website – archived October 2005