Thursday, August 18, 2011

Jive Software Said To Hire IPO Bankers, But No One There Is Talking - Arik Hesseldahl - News - AllThingsD

Apparently a big Jive milestone in the near future

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.

[…]

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. (In fact one of Jive’s newest directors is Jonathan Heiliger, VP of technical operations at Facebook.)

Jive Software Said To Hire IPO Bankers, But No One There Is Talking - Arik Hesseldahl - News - AllThingsD

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