Wednesday, December 07, 2011

Jive IPO Gets Boost Following Billion-Dollar Cloud Deals: Tech - Businessweek

Fortuitous timing

Jive Software Inc. has every reason to lift its initial public offering price after billion-dollar cloud-computing acquisitions led by SAP AG and Oracle Corp.

Jive, a social-networking software maker, said last week it aims to raise as much as $117 million in an IPO that would value it at up to $573 million. That was before SAP’s agreement Dec. 3 to buy SuccessFactors Inc. for $3.4 billion, or 52 percent more than its value before the offer. Six weeks earlier, rival Oracle snagged RightNow Technologies Inc. for $1.5 billion.

Jive IPO Gets Boost Following Billion-Dollar Cloud Deals: Tech - Businessweek

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