Jive enters the major league of enterprise collaboration/social business
Jive Software’s successful debut on the Nasdaq on Tuesday reflects investor enthusiasm for social media companies, though it is unclear how eager businesses are to bring a Facebook-style network to the workplace.
Jive provides social software to businesses, including customised social networks for customers, and internal networks and collaboration tools for employees. After pricing its shares at $12 on Monday, it traded as high as $16.50 on Tuesday, a 38 per cent jump, closing at $15.05, giving the 10-year old company a valuation of more than $662m.
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