/// Jive Software Said to Hire IPO Bankers, but No One There Is Talking

August 17, 2011  |  All Things Digital


If it weren’t already pretty obvious that Jive Software had begun the long march toward an initial public offering, then there can be no doubt after today. Bloomberg News scored tips from three sources — my guess is chatty bankers — that Jive has tapped Morgan Stanley and Goldman Sachs to lead its IPO, with UBS and Citigroup also in on the deal. Jive has more or less been telegraphing its IPO intentions since it hired Tony Zingale as its CEO last year. Zingale is the former head of Mercury Interactive who engineered its $4.5 billion sale to Hewlett-Packard in 2006. Then in March it bulked up its board with a slate of directors who all have public company experience, among the them Dave Dewalt, the former president of McAfee, and Google’s Sundar Pichai. Heck, Jive has even been acting like a public company, making the occasional acquisition — two in the last several months . The way Bloomberg tells it, Jive is being valued at $1 billion and would offer a stake worth 10 to 20 percent in the company in the IPO. And research firm Gartner pegs its annual revenue at $70 million. It’s the leader in the social enterprise software field, which is all about making the workplace more collaborative by making office applications more social, a la Facebook, Twitter and the like

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Jive Software Said to Hire IPO Bankers, but No One There Is Talking


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