68-519: Symantec may refer to: Gen Digital , an American consumer software company formerly known as Symantec Symantec Security , a brand of enterprise security software purchased by Broadcom from Symantec in August 2019 Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Symantec . If an internal link led you here, you may wish to change
136-524: A crypto-miner was added to the Norton 360 product, called Norton Crypto. Once activated by the user, Norton Crypto mines Ethereum (ETH) using the installed machine's graphics card while idle. The program also creates a secure wallet on the same machine. Norton announced it was permanently disabling the feature on September 14, 2022, due to the Ethereum merge. On October 9, 2014, Symantec declared that
204-551: A German version was shipped three weeks after the United States version, and it was the first software in the world that supported German Natural Language) following Turner's having emphasized establishing international sales distribution and multiple language versions of Q&A from the initial shipment. In 1985, Rod Turner negotiated the publishing agreement with David Whitney for Symantec's second product, which Turner named NoteIt (an annotation utility for Lotus 1-2-3 ). It
272-480: A business that had revenues, inventory, and customers, Eubanks chose to change nothing at BreakThrough Software for six months, and the actual merger logistics started in the summer of 1987, with Turner being appointed by Eubanks as general manager of the TimeLine business unit, Turner was made responsible for the successful integration of the company into Symantec and ongoing growth of the business, with P&L. There
340-435: A chain of extended-stay hotels . The hotel brand is owned by The Blackstone Group 's real estate business. Blackstone purchased the business in 2012 from Accor Hotels . In September 2024, Oyo Rooms , an Indian hospitality chain, announced an agreement to acquire Motel 6 and Studio 6 in an all-cash transaction valued at $ 525 million. Since 1986, the chain has also run radio advertisements narrated by Tom Bodett and featuring
408-511: A developer of various utilities for DOS. Turner was appointed as product group manager for the Norton business, and made responsible for the merger, with P&L responsibility. Ted Schlein was made product group manager for the Q&;A business. The Peter Norton group merger logistical effort began immediately while the companies sought approval for the merger, and in August 1990, Symantec concluded
476-435: A few years, Eubanks added chairmanship to his other roles. After a slow start for sales of Q&A in the fall of 1985 and spring of 1986, Rod Turner, a Symantec Sr. Executive, signed up a new advertising agency called Elliott/Dickens, embarked on an aggressive new advertising campaign, and came up with the "Six Pack Program" in which all Symantec employees, regardless of role, went on the road, training and selling nationwide in
544-539: A former employee, causing it to delay its annual earnings report. In August 2018, Symantec announced that the hedge fund Starboard Value had put forward five nominees to stand for election to the Symantec board of directors at Symantec's 2018 Annual Meeting of Stockholders. This followed a Schedule 13D filing by Starboard showing that it had accumulated a 5.8% stake in Symantec. In September 2018, Symantec announced that three nominees of Starboard were joining
612-524: A list of the then "100 dirtiest websites", which contain the most malware as detected by Norton Safe Web . Salem was abruptly fired in 2012 for disappointing earnings performance and replaced by Steve Bennett , a former CEO of Intuit and GE executive. In January 2013, Bennett announced a major corporate reorganization, with the goal of reducing costs and improving Symantec's product line. He said that sales and marketing "had been high costs but did not provide quality outcomes". He concluded that "Our system
680-533: A member of the company's board of directors since July 2005 following the acquisition of VERITAS Software Corporation. Mr. Brown had served on the VERITAS board of directors since 2003. In July 2016, Symantec introduced a product to help carmakers protect connected vehicles against zero-day attacks. The Symantec Anomaly Detection for Automotive is an IoT product for manufacturers and uses machine learning to provide in-vehicle security analytics. Greg Clark assumed
748-449: A new division of Symantec, and Eubanks delegated the choice of name to Turner. Turner chose the name Turner Hall Publishing, to be a new division of Symantec devoted to publishing third-party software and hardware. The objective of the division was to diversify revenues and accelerate the growth of Symantec. Turner chose the name Turner Hall Publishing, using his last name and that of Dottie Hall (Director of Marketing Communications) to convey
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#1732787392659816-452: A private equity group led by The Carlyle Group for $ 8 billion. The sale was completed by February 2016, turning Veritas into a privately owned company. Norton product line includes Norton AntiVirus , Norton Small Business, Norton Family , Norton Mobile Security, Norton Online Backup, Norton 360 , Norton Utilities and Norton Computer Tune Up. Norton's line also includes LifeLock and ReputationDefender . In 2012, PC Tools iAntiVirus
884-566: A security software firm based in Fremont , California, with about 200 staff. As of November 30, 2005, all Sygate personal firewall products were discontinued. On January 29, 2007, Symantec announced plans to acquire Altiris , and on April 6, 2007, the acquisition was completed. Altiris specializes in service-oriented management software that allows organizations to manage IT assets. It also provides software for web services, security and systems management products. Established in 1998, Altiris
952-695: Is a multinational software company co-headquartered in Tempe, Arizona and Prague , Czech Republic. The company provides cybersecurity software and services. Gen is a Fortune 500 company and a member of the S&;P 500 stock-market index. The company also has development centers in Pune , Chennai and Bangalore . Its portfolio includes Norton , Avast , LifeLock , Avira , AVG , ReputationDefender , and CCleaner . On October 9, 2014, Symantec declared it would split into two independent publicly traded companies by
1020-479: Is headquartered in Lindon , Utah . On November 5, 2007, Symantec announced its acquisition of Vontu, a Data Loss Prevention (DLP) company, for $ 350 million. On January 17, 2008, Symantec announced that it was spinning off its Application Performance Management (APM) business and the i3 product line to Vector Capital. Precise Software Solutions took over development, product management, marketing and sales for
1088-468: Is just broken". Robert Enderle of CIO.com reviewed the reorganization and noted that Bennett was following the General Electric model of being product-focused instead of customer-focused. He concluded "Eliminating middle management removes a large number of highly paid employees. This will tactically improve Symantec's bottom line but reduce the skills needed to ensure high-quality products in
1156-618: The Midwestern United States and Pennsylvania . Regal 8 Motels were acquired in 1991. In 1990, the company was bought by the French-based Accor . In 1993, it opened its first high-rise location—Motel 6 LAX in Los Angeles, California. Unlike the majority of hotel chains, Motel 6 directly owns and operates most of its locations. To expand more rapidly outside its traditional Western United States base,
1224-467: The 1960s, after starting out with a budget-oriented concept. Becker and Greene spent two years formulating their business model and searched for ways to cut costs as much as possible. During the chain's early years, Motel 6 emphasized itself as a "no-frills" lodging chain with rooms featuring coin-operated black-and-white television receivers instead of the free color televisions found in the more expensive motels, along with functional interior decor, to reduce
1292-581: The APM business, launching as an independent company on September 17, 2008. On August 18, 2008, Symantec announced the signing of an agreement to acquire PC Tools . Under the agreement, PC Tools would maintain separate operations. The financial terms of the acquisition were not disclosed. In May 2013, Symantec announced they were discontinuing the PC Tools line of internet security software. In December 2013, Symantec announced they were discontinuing and retiring
1360-636: The Enterprise software division of Symantec for $ 10.7 billion. This is after having attempted to purchase the whole company. The Norton family of products will remain in the Symantec portfolio. The sale closed on November 4, 2019, and subsequently, the company adopted the NortonLifeLock name and relocated its headquarters from Mountain View, California to LifeLock's offices in Tempe, Arizona. In 2021,
1428-513: The Mac, and this success made the Norton merger more strategic. Symantec had already begun the development of a DOS-based antivirus program one year before the merger with Norton. The management team had decided to enter the antivirus market in part because it was felt that the antivirus market entailed a great deal of ongoing work to stay ahead of new viruses. The team felt that Microsoft would be unlikely to find this effort attractive, which would lengthen
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#17327873926591496-483: The Motel 6 locations over the course of seven months in 2017. Motel 6 said the practice was "implemented at the local level without the knowledge of senior management" and every location had been given a directive that they were "prohibited from voluntarily providing daily guest lists to ICE." Motel 6 was sued for discrimination and privacy violations in connection with the case and on November 2, 2018, agreed to settle with
1564-488: The PC. This left Symantec without a product, but with expertise in natural language database query systems and technology. As a result, later in 1984, Symantec was acquired by another, smaller software startup company, C&E Software, founded by Denis Coleman and Gordon Eubanks and headed by Eubanks. C&E Software developed a combined file management and word processing program called Q&A . The merged company retained
1632-407: The Q&A for Windows and the TimeLine for Windows development efforts during the critical period from 1988 through 1992. Symantec exited this business in the late-1990s as competitors such as Metrowerks , Microsoft and Borland gained significant market share. In 1996, Symantec Corporation was accused of misleading financial statements in violation of GAAP . From 1999 to April 2009, Symantec
1700-466: The Symantec board, two with immediate effect (including Starboard Managing Member Peter Feld ) and one following the 2018 Annual Meeting of Stockholders. On May 9, 2019, Symantec announced that Clark would be stepping down and that board member Rick Hill, previously put forward by Starboard, had been appointed interim president and CEO. Vincent Pilette also joined Symantec as its new CFO. On August 8, 2019, Broadcom announced they would be acquiring
1768-564: The Turner Hall Card and SQZ!. The popularity of these products, while contributing a relatively small portion of revenues to Symantec, conveyed the impression that Symantec was already a diversified company, and indeed, many industry participants were under the impression that Symantec had acquired Turner Hall Publishing. In 1987, Byers recruited Ted Schlein into the Turner Hall Product Group to assist in building
1836-534: The U.S. in Burlington, Ontario, Canada. Then, in 2002, Motel 6 celebrated its 40th anniversary at its first location in Santa Barbara, California. In 2006, Accor and Motel 6 invested more than $ 6 million in properties to help rebuild New Orleans and Gulfport following Hurricane Katrina . One of the Motel 6 co-founders, William Becker, died of a heart attack at the age of 85 the next year. The company
1904-406: The United States. Turner named it Six Pack because employees were to work six days a week, see six dealerships per day, train six sales representatives per store and stay with friends free or at Motel 6 . Simultaneously, a promotion was run jointly with SofSell (which was Symantec's exclusive wholesale distributor in the United States for the first year that Q&A was on the market). This promotion
1972-737: The bottom of the category for the second year in a row. As of August 2022, the most expensive motel in the entire Motel 6 chain was the first one in Santa Barbara, California. It had charged $ 6 per night before taxes for a room when it first opened in 1962. Sixty years later, during the late summer of 2022, the first Motel 6 was reportedly charging $ 426 per night for a room, before taxes. In September 2024, Indian hospitality chain Oyo Rooms agreed to buy Motel 6 and Studio 6 in an all-cash deal worth $ 525 million. Motel 6 locations offer guests free basic wireless internet access, and some locations offer an upgrade to premium wireless internet access with
2040-587: The card as a standalone product. Turner Hall's third product, also a 1-2-3 add-in was SQZ! a Lotus 1-2-3 spreadsheet compression utility developed by Chris Graham Synex Systems . In the summer of 1986 Eubanks and Turner recruited Tom Byers from Digital Research , to expand the Turner Hall Publishing product family and lead the Turner Hall effort. By the winter of 1986–87, the Turner Hall Publishing division had achieved success with NoteIt,
2108-622: The chain started franchising in 1994. Accor management also took over motels that had been franchised by other chains. Motel 6 began to renovate all bedrooms, sold under-performing locations, and upgraded door locks and other security measures. Newer properties, as well as acquisitions, have interior corridors. Its competitors include America's Best Value Inn , Days Inn , Econo Lodge , and Super 8 Motels . In 1999, Motel 6 launched Studio 6 Extended Stay, hotels with suites that are designed for longer stays and feature kitchenettes. In 2000, Motel 6 went international by opening its first location outside
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2176-648: The chairman and the CEO would take zero pay, all vice presidents would take a 50% pay cut, and all other employees' pay was cut by 15%. Two employees were laid off. Eubanks also negotiated a sizable rent reduction on the office space the company had leased in the days of the original Symantec. These expense reductions, combined with strong international sales of Q&A, enabled the company to attain break-even. The significantly increased traction for Q&A from this re-launch grew Symantec's revenues substantially, along with early success for Q&A in international markets (uniquely
2244-432: The charge not exceeding $ 4.99. In March 2008, Motel 6 began a system-wide renovation program called the "Phoenix Project" to update the look and amenities of all bedrooms. Before the remodel, most rooms had colorful road-trip inspired bed covers, carpeted floors, shower curtains, CRT televisions and beige furnishings. Stained carpets and dirty shower curtains were a common complaint on online customer reviews. The remodel
2312-509: The company adopted the name Gen Digital. Founded in 1982 by Gary Hendrix with a National Science Foundation grant, Symantec was originally focused on artificial intelligence -related projects, including a database program. Hendrix hired several Stanford University natural language processing researchers as the company's first employees. In 1984, it became clear that the advanced natural language and database system that Symantec had developed could not be ported from DEC minicomputers to
2380-492: The company would separate into two independent publicly traded companies by the end of 2015. Symantec will continue to focus on security, while a new company will be established focusing on information management. Symantec confirmed on January 28, 2015, that the information management business would be called Veritas Technologies Corporation, marking a return of the Veritas name. In August 2015, Symantec agreed to sell Veritas to
2448-489: The company, and indeed funded the losses of some of the product groups that were subsequently acquired. In 1989, Eubanks hired John Laing as VP worldwide sales, and Turner transferred the international division to Laing. Eubanks also recruited Bob Dykes to be executive vice president for operations and finance, in anticipation of the upcoming IPO. On June 23, 1989, Symantec had its IPO. In May 1990, Symantec announced its intent to merge with and acquire Peter Norton Computing ,
2516-642: The end of 2015. One company would focus on security, the other on information management . On January 29, 2016, Symantec sold its information-management subsidiary, named Veritas , and which Symantec had acquired in 2004, to The Carlyle Group . On August 8, 2019, Broadcom announced they would be acquiring the Enterprise Security software division of Symantec for $ 10.7 billion. After the acquisition, Symantec became known as NortonLifeLock. After completing its merger with Avast in September 2022,
2584-403: The entire PC Tools brand and offering a non-expiring license to PC Tools Performance Toolkit, PC Tools Registry Mechanic , PC Tools File Recover and PC Tools Privacy Guardian users with an active subscription as of December 4, 2013. On April 18, 2008, Symantec completed the acquisition of AppStream , a nonpublic Palo Alto, California-based provider of endpoint virtualization software. AppStream
2652-515: The first day of business for the U.S. offices of the new, combined software company. As a result of this merger, Symantec includes storage- and availability-related products in its portfolio, namely Veritas File System (VxFS), Veritas Volume Manager (VxVM), Veritas Volume Replicator (VVR), Veritas Cluster Server (VCS), NetBackup (NBU), Backup Exec (BE) and Enterprise Vault (EV). On January 29, 2016, Symantec sold Veritas to The Carlyle Group . On August 16, 2005, Symantec acquired Sygate ,
2720-533: The industry average, and as a result of their success, Motel 6 became an attractive acquisition target. Becker and Greene sold the chain to an investment group in 1968. In the early 1970s, Motel 6 opened its largest location, Motel 6 Tropicana, in Las Vegas, Nevada. Additionally, the chain moved east and opened a location in Fort Lauderdale, Florida, in 1972. By 1980, Motel 6 had reached 300 locations. It
2788-440: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Symantec&oldid=1258648531 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Gen Digital Gen Digital Inc. (formerly Symantec Corporation and NortonLifeLock Inc. )
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2856-481: The long term." In March 2014, Symantec fired Steve Bennett from his CEO position and named Michael Brown as interim president and chief executive. Including the interim CEO, Symantec has had 3 CEOs in less than two years. On September 25, 2014, Symantec announced the appointment of Michael A. Brown as its president and chief executive officer. Brown had served as the company's interim president and chief executive officer since March 20, 2014. Mr. Brown has served as
2924-738: The market and it had the largest market share. AVG product line includes AVG AntiVirus , AVG Internet Security , AVG Secure VPN, AVG PC TuneUp , and AVG Driver Updater. Previously a publicly company in February 2012, it was acquired by Avast in July 2016 for $ 1.3 billion. Avira product line includes Avira Free Security, Avira Internet Security , Avira Prime and Avira Phantom VPN. Other products offered by Gen Digital include CCleaner , Recuva , Speccy , Defraggler , HMA , and SONAR . In 1993, Symantec acquired ACT! from Contact Software International . Symantec sold ACT! to SalesLogix in 1999. At
2992-471: The name Symantec. Eubanks became its chairman, Vern Raburn, the former president of the original Symantec, remained as president of the combined company. The new Symantec combined the file management and word processing functionality that C&E had planned, and added an advanced Natural Language query system (designed by Gary Hendrix and engineered by Dan Gordon) that set new standards for ease of database query and report generation. The natural language system
3060-474: The new TimeLine Product Group , and simultaneously of the Q&A Product Group, and made Tom Byers general manager of the Turner Hall Product Group. Turner continued to build and lead the company's international business and marketing for the whole company. At the TimeLine Product Group, Turner drove strong marketing, promotion and sales programs to accelerate momentum. By 1989 this merger
3128-606: The plaintiffs for $ 7.6 million. Additionally, Washington state filed a lawsuit in January 2018 against Motel 6 for giving the names of thousands of other motel guests to U.S. Immigration and Customs Enforcement officers. In April 2019, Motel 6 agreed to pay $ 12 million to settle the lawsuit. On April 24, 2018, the American Customer Satisfaction Index published a study of America's most popular hotel chains, placing G6 Hospitality's Motel 6 at
3196-658: The position of CEO in August 2016. In November 2016, Symantec announced its intent to acquire identity theft protection company LifeLock for $ 2.3 billion. In August 2017, Symantec announced that it had agreed to sell its business unit that verifies the identity of websites to Thoma Bravo . With this acquisition, Thoma Bravo plans to merge the Symantec business unit with its own web certification company, DigiCert . On January 4, 2018, Symantec and BT (formerly British Telecom) announced their partnership that provides new endpoint security protection. In May 2018, Symantec initiated an internal audit to address concerns raised by
3264-433: The product family and in marketing. Revenues from Q&A, and Symantec's early launch into the international marketplace, combined with Turner Hall Publishing, generated the market presence and scale that enabled Symantec to make its first merger/acquisition, in February 1987, that of Breakthrough Software , maker of the TimeLine project management software for DOS. Because this was the first time that Symantec had acquired
3332-508: The purchase—by this time the combination of the companies was already complete. Symantec's consumer antivirus and data management utilities are still marketed under the Norton name. At the time of the merger, Symantec had built upon its Turner Hall Publishing presence in the utility market, by introducing Symantec Antivirus for the Macintosh (SAM), and Symantec Utilities for the Macintosh (SUM). These two products were already market leaders on
3400-446: The sense of a stable, long-established, company. Turner Hall Publishing's first offering was Note-It, a notation utility add-in for Lotus 1-2-3, which was developed by David Whitney, and licensed to Symantec. Its second product was the Turner Hall Card, which was a 256k RAM, half slot memory card, initially made to inexpensively increase the available memory for Symantec's flagship product, Q&A. The Turner Hall division also marketed
3468-710: The slogan "we'll leave the light on for you". Motel 6 was founded in Santa Barbara, California , in 1962, by two local building contractors: William Becker and Paul Greene. The partners developed a plan to build motels with rooms at low cost rates. They decided on a $ 6 room rate per night (equivalent to $ 60 in 2023 ), which would cover building costs, land leases, and janitorial supplies. Becker and Greene had specialized in building low-cost housing developments, and they wanted to provide an alternative to other major hotel chains, such as Holiday Inn , whose locations were becoming increasingly upscale in quality and price in
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#17327873926593536-403: The time it took to clean the rooms. The first location in Santa Barbara had no restaurant on-site, a notable difference from other hotels of the era. To this day, most motels have no on-site dining, though there is usually a choice of restaurants nearby. As the 1960s progressed, the Motel 6 idea became very popular in the lodging industry, and other chains began to imitate the concept, as Motel 6
3604-400: The time it was the world's most popular CRM application for Windows and Macintosh . On December 16, 2004, Veritas and Symantec announced their plans for a merger. With Veritas valued at $ 13.5 billion, it was the largest software industry merger to date. Symantec's shareholders voted to approve the merger on June 24, 2005; the deal closed successfully on July 2, 2005. July 5, 2005, was
3672-493: The viability of the market for Symantec. Turner decided to use the Norton name for obvious reasons, on what became the Norton Antivirus , which Turner and the Norton team launched in 1991. At the time of the merger, Norton revenues were approximately 20 to 25% of the combined entity. By 1993, while being led by Turner, Norton product group revenues had grown to approximately 82% of Symantec's total. At one time Symantec
3740-474: The voice of writer and National Public Radio commentator Tom Bodett , with the tagline "We'll leave the light on for you." The ads were created by Dallas advertising agency The Richards Group . They feature a tune composed by Tom Faulkner, performed by him on guitar and Milo Deering on fiddle. The first spots were conceived and written by David Fowler. In 1996, the ads won a Clio Award . The campaign itself has won numerous national and international awards and
3808-601: Was a heavy emphasis placed on making the minimum disruption by Eubanks and Turner. Soon after the acquisition of TimeLine/Breakthrough Software, Eubanks reorganized Symantec, structuring the company around product-centric groups, each having its development, quality assurance, technical support, and product marketing functions, and a general manager with profit and loss responsibility. Sales, finance, and operations were centralized functions that were shared. This structure lent itself well to Symantec's further growth through mergers and acquisitions. Eubanks made Turner general manager of
3876-428: Was acquired to complement Symantec's endpoint management and virtualization portfolio and strategy. Motel 6 Motel 6 is an American chain of motels with locations in the United States and Canada. The chain was founded in Santa Barbara, California , in 1962 by William W. Becker and Paul Greene, and derives its name from the fact that rooms initially cost only six dollars. Motel 6 also operates Studio 6 ,
3944-660: Was also known for its development tools, particularly the THINK Pascal , THINK C , Symantec C++ , Enterprise Developer and Visual Cafe packages that were popular on the Macintosh and IBM PC compatible platforms. These product lines resulted from acquisitions made by the company in the late 1980s and early 1990s. These businesses and the Living Videotext acquisition were consistently unprofitable for Symantec, and these losses diverted expenditures away from both
4012-464: Was designed with an eye towards not only modernizing rooms but keeping room rates low for years to come. Designers accomplished this by making the rooms more energy efficient, easy to clean, and easier to keep clean in the long term (keeping housekeeping and maintenance costs low). The remodel earned Motel 6 Travel & Leisure magazine's 2010 design award for Best Large Hotel. Beginning in 1986, Motel 6 has advertised through radio commercials featuring
4080-495: Was evident to Turner that NoteIt would confuse the dealer channel if it was launched under the Symantec name because Symantec had built up interest by that stage in Q&A (but not yet shipped it), and because the low price for the utility would not be initially attracted to the dealer channel until demand had been built up. Turner felt that the product should be marketed under a unique brand name. Turner and Gordon E. Eubanks Jr. , then chairman of Symantec Corporation, agreed to form
4148-469: Was led by CEO John W. Thompson , a former VP at IBM. At the time, Thompson was the only African-American leading a major US technology company. He was succeeded in April 2009 by the company's long-time Symantec executive Enrique Salem . Under Salem, Symantec completed the acquisition of Verisign 's Certificate Authority business, dramatically increasing their share of that market. In 2009, Symantec released
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#17327873926594216-600: Was named "The Intelligent Assistant". Turner chose the name of Q&A for Symantec's flagship product, in large part because the name lent itself to use in a short, easily merchandised logo. Brett Walter designed the user interface of Q&A (Brett Walter, director of product management). Q&A was released in November 1985. In 1986, Vern Raburn and Gordon Eubanks swapped roles, and Eubanks became CEO and president of Symantec, while Raburn became its chairman. After this change, Raburn had little involvement with Symantec, and in
4284-589: Was rebranded as a Norton product under the name iAntiVirus, and released to the Mac App Store . Also in 2012, the Norton Partner Portal was relaunched to support sales to consumers throughout the EMEA . Avast product line includes Avast Antivirus , Avast Premium Security, Avast Cleanup , Avast Secure Browser , and Avast SecureLine VPN . As of 2017, it is the most popular antivirus vendor on
4352-482: Was slowly beginning to take a small share of the market away from the traditional hotels. In 1965, Motel 6 opened its 15th property, and first location outside California, in downtown Salt Lake City, Utah . Realizing the need to move quickly, Becker and Green set out on an ambitious expansion program and had opened its 25th location in Gilroy, California , by 1966. The occupancy rate by then was about 85 percent, well above
4420-486: Was sold by Accor to The Blackstone Group in 2012 for $ 1.9 billion. Blackstone announced that Motel 6 would be operated on a stand-alone basis. In September 2017, immigration attorneys accused Motel 6 desk clerks at two locations in the area of Phoenix, Arizona , of notifying U.S. Immigration and Customs Enforcement when guests checked in with identification from Mexico. The attorneys said court records showed that federal immigration agents arrested at least 20 people at
4488-476: Was sold to Kohlberg Kravis Roberts in 1985, who moved the chain away from its "no frills" approach and began including amenities such as telephones and color television. Market share declined throughout the 1980s, in part because of increased competition from other budget hotels. During this time, it bought out the Sixpence Inn chain in the western U.S., and Envoy Inn (formerly Budgetel and Bargaintel) in
4556-428: Was very successful in encouraging dealers to try Q&A. During this time, Symantec was advised by its board members Jim Lally and John Doerr that if it would cut its expenses and grow revenues enough to achieve cash flow break-even, then Kleiner, Perkins, Caufield & Byers would back the company in raising more venture capital . To accomplish this, the management team worked out a salary reduction schedule where
4624-405: Was very successful—product group morale was high, TimeLine development continued apace, and the increased sales and marketing efforts applied built the TimeLine into the clear market lead in PC project management software on DOS . Both the Q&A and TimeLine product groups were healthily profitable. The profit stream and merger success set the stage for subsequent merger and acquisition activity by
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