Monday, June 16, 2008

Alcatel-Lucent to acquire Motive for Broadband Service Mgt Software

Alcatel-Lucent agreed to acquire Motive, a provider of service management software for broadband and mobile data services, for approximately US$67.8 million (US$ 2.23 per share). This represents a premium of approximately 53% over the closing price of the shares on June 16, 2008 and a premium of approximately 51% over the average closing price of the shares for the 90 days prior to June 16, 2008.

Motive provides service management software for broadband and mobile data services is used by wireline, wireless, cable and satellite operators worldwide deliver a IP-based services. The software is used to automate and remotely manage key customer touch points throughout the service lifecycle, across multiple services, networks and devices.


Alcatel-Lucent and Motive already jointly develop and sell remote management software solutions for automating the deployment, configuration and support of advanced home networking devices called residential gateways. The companies have more than 40 joint customers including AT&T, Verizon, BT, Vodafone Portugal and Swisscom.


Alcatel-Lucent also resells Motive's solutions that help service providers seamlessly integrate voice, video and data into a single, connected experience by automating and remotely managing key customer touch points throughout the service lifecycle, across multiple services, networks and devices.


Motive has 300 employees worldwide with R&D operations in Austin, Texas and Bangalore, India and will become part of Alcatel-Lucent's Fixed Access Division, within the Carrier Business Group.http://www.alcatel-lucent.comhttp://www.motive.com

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