Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Applications
    • Applications
    • Cloud
    • Networking

    Jive IPO Jumps as Company Is Worth Nearly $700M

    By
    Clint Boulton
    -
    December 14, 2011
    Share
    Facebook
    Twitter
    Linkedin

      Jive Software (NASDAQ:JIVE), a provider of social collaboration platforms for large businesses priced its initial public offering at $12 a share, valuing the company at about $688 million.

      Jive, which is trading on the NASDAQ stock exchange under the ticker symbol “JIVE”, offered 13,439,600 shares of its common stock to the public at $12 per share Dec. 13. Jive is additionally offering 10,072,463 shares of common stock, while existing stockholders are offering 3,367,137 shares of common stock.

      Jive opened at $15.12 per share, up 27 percent from its pricing, and closed Dec. 13 at $15.05.

      Often described as a provider of Facebook-like social functionality for the enterprise, Jive makes on-premise and cloud-based software platforms that let company employees host online discussions, publish blogs and host polls, share documents, and post Twitter-like status updates.

      Products such as the Jive Social Business Suite have become popular among companies trying to better connect with their clients. Jive counts McAfee, Informatica, Allscripts among its more than 600 customers.

      Jive competes with Microsoft (NASDAQ:MSFT) SharePoint, IBM (NYSE:IBM) Lotus Connections, Salesforce.com’s (NYSE:CRM) Chatter and dozens of smaller companies, in the competitive market for collaboration and document sharing tools.

      Jive posted $54.8 million in revenue through Sept. 30, up from $31.6 million a year ago. Yet the company isn’t profitable and actually posted a net loss of $38.1 million through Sept. 30, up from a net loss $20.9 million a year ago.

      Armed with nearly $100 million, Jive has soldiered on and has been prepping for an IPO most of the year, snapping up new funding and board members from Google and Facebook before filing for a $100 IPO in August.

      Jive CEO Tony Zingale told the press he doesn’t expect the company to be profitable in the near future, thanks to increased operating and capital expenditures. While prepping for its IPO, Jive has both acquired companies and hired new talent.

      Jive priced its IPO during a busy week for public offerings, as companies raise to get publicly traded before the new year. Social game maker Zynga, perhaps the most heavily anticipated IPO, is going public later this week.

      Clint Boulton
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×