Wednesday, August 24, 2011

Jive Software Files For IPO

Palo Alto-based Jive Software, the developer of enterprise social networking software, has filed for an IPO, saying Wednesday that it is looking to raise up to $100M on the public markets. The firm says it hopes to trade as JIVE, but has not yet selected an exchange. The firm's IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co., Citigroup, UBS Investment Bank, BMO Capital Markets, and Wells Fargo Securities. Jive is venture backed by Sequoia Capital and Kleiner Perkins Caufield & Byers. The firm reported a net loss of $27.6M on revenues of $46.268M in 2010.