Motive, Inc

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Motive Inc
Type Acquired by Alcatel-Lucent
Industry software
Founded 1997
Headquarters Austin, Texas, USA
Key people Alfred Mockett, Chairman & CEO
Products broadband management software
Revenue $97 million USD (2004)
Employees ~300 (2007)
Website www.motive.com

Motive, Inc. (previously known as Motive Communications) was a software manufacturer founded in May 1997 and headquartered in Austin, Texas.

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 USD 2.23 per share, representing a value of approximately USD 67.8 million.

Timeline[edit]

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.

Jan. 20, 2006: Paul Baker resigns as chief financial officer of Motive Inc.

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: Acknowledges being informed that the SEC’s inquiry is now a formal investigation.

June 17, 2008: Alcatel-Lucent announces intent to acquire Motive at $2.23 per share.

See also[edit]

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