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Tuesday, May 2, 2017

Jive Software (JIVE) to be acquired by Aurea for $462 million or $5.25 a share

Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies.

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In the end, it appeared to be a kind and healthy exit for Jive shareholders. ESW paid $5.25 a share to purchase the company, representing a 20 percent increase over the average of Jive’s closing stock price for the three months ending on April 28, 2017. It had closed on Friday at $5.05 a share. Needless to say, Jive’s board jumped at the offer and voted unanimously to approve the deal.

But not everyone saw it that way. Ray Wang, founder and principal at Constellation Research, called it a “fire sale” on Twitter and reported that investors lost millions.

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