Monday, May 1, 2017

Jive Software Acquired For $462M

Jive Software, the developer of enterprise collaboration software which was founded in Portland in 2006, has been acquired by ESW Capital, LLC, via affiliate Wave Systems. The two said this morning that the deal is worth $462M in cash, and will make Jive Software a member of ESW's Aurea family of companies. ESW Capital will pay $5.25 in cash per share of Jive, which is publicly traded on the Nasdaq as JIVE. Jive was founded in Portland, but moved its headquarters in 2010 to Silicon Valley as it prepared for its IPO.