Industry software Number of employees ~300 (2007) Founded 1997 | Revenue US$97 million (2004) Founder Mike Maples Jr. Parent organization Alcatel-Lucent | |
Type Acquired by Alcatel-Lucent Key people Alfred Mockett, Chairman & CEO Products broadband management software Headquarters Austin, Texas, United States | ||
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 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.
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.