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    Wednesday, October 8, 2008

    Motive Acquisition Completes


    Alcatel-Lucent's acquisition of Austin-based Motive,Inc. has completed, Alcatel-Lucent said Tuesday. Motive, which makes remote management software for the broadband market, was acquired by Alcatel-Lucent for $67.8M in cash. The deal was originally announced in June. According to Alcatel-Lucent, Motive will become a wholly owned subsidiary of the firm. Motive's products are used for configuring residential gateways for the broadband connectivity market. Motive becomes part of Alcatel-Lucent's Fixed Access Division within its Carrier Business Group.
    posted on Wednesday, October 8, 2008


    Related companies:
    Motive

    Related stories:
    > Motive Taps BDO Seidman as Independent Auditor
    > Motive Signs Greek Firm
    > Motive Acquired By Alcatel-Lucent
    > Motive Hires Investment Banker
    > ACS Completes Anix Acquisition

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