Motive Inc
Encyclopedia
Motive, Inc. 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.
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.
Austin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
.
On June 17, 2008, Alcatel-Lucent
Alcatel-Lucent
Alcatel-Lucent is a global telecommunications corporation, headquartered in the 7th arrondissement of Paris, France. It provides telecommunications solutions to service providers, enterprises, and governments around the world, enabling these customers to deliver voice, data, and video services...
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
May 1997: Company founded by Scott Harmon, Scott Abel, Mike Maples Jr, Brian Vetter, Tom BereiterJuly, 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.