Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that it has successfully completed the acquisition of Motive, Inc.

The acquisition solidifies the existing three-year relationship between the two companies, which had jointly developed and sold remote management software solutions for automating the deployment, configuration and support of advanced home networking devices called residential gateways (RGs). More than 70 service providers worldwide use Motive products today.

“With the combination of Motive’s service management software and Alcatel-Lucent’s world-class fixed and wireless broadband networking infrastructure, service providers can now rely on a single solution to deliver a seamless, consistent, converged customer experience across a range of services, networks and devices, both fixed and mobile,” said Luis Martinez Amago, President of Alcatel-Lucent’s fixed access activities. “Motive is enriching Alcatel-Lucent’s portfolio with an expanded application suite that is ideally suited to the challenge of enhancing consumers ‘digital life’ by delivering video and other multimedia content where they live, work and play.”

Upon the closing of the acquisition, all remaining outstanding shares of Motive common stock, other than the shares purchased in the offer and those held by stockholders who properly perfect appraisal rights under Delaware law, were converted into the right to receive USD 2.23 per share in cash without interest and less required withholding taxes. As a result of the merger, Motive has become a wholly owned subsidiary of Alcatel-Lucent. 

Sourced From: Vaishnavi Corporate Communications Pvt Ltd