AUSTIN, Texas, Dec. 9, 2003 - Motive, Inc. (Company
Profile, Past
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Studies) today announced that it has
filed a registration statement with the Securities and Exchange Commission
for an initial public offering of its common stock.
The lead manager and sole book-runner for the offering is Morgan Stanley.
J.P. Morgan Securities Inc. is joint-lead manager. Thomas Weisel Partners
LLC and Friedman, Billings, Ramsey & Co., Inc. are co-managers. When
available, a written preliminary prospectus related to the offering may be
obtained from Morgan Stanley, 1585 Broadway, New York, NY 10036.
Motive is a leading provider of service management software that enables
companies to build management and service capabilities directly into their
technology products and services. This helps companies improve customer
productivity and satisfaction, create new revenue opportunities, decrease
cost-of-change and reduce capital and labor expense. Motive’s service
management software has been used in connection with more than 30 million
technology products worldwide by companies such as Bell Canada, BellSouth,
British Telecommunications, cablecom, Charter Communications, Cox
Communications, Deutsche Telekom, EMC, Fujitsu, Hewlett-Packard, Hyperion,
Lawson Software, Mercury Interactive, NTL, SBC Communications, Telenet,
Telewest, TELUS, Time Warner Cable, VERITAS Software, and Verizon.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
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