Motive, Inc

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

Motive Inc
Acquired by Alcatel-Lucent
Industrysoftware
Founded1997
HeadquartersAustin, Texas, United States
Key people
Alfred Mockett, Chairman & CEO
ProductsBroadband management software
RevenueUS$97 million (2004)
Number of employees
~300 (2007)
Websitewww.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]

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References
  1. "SEC launches investigation of Motive". Austin Business Journal. November 15, 2005. Retrieved August 7, 2020.
  2. "Alcatel-Lucent completes acquisition of Motive, Inc". WebWire. Retrieved March 26, 2020.
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