Jive Software might be putting itself on the market

Jive Software might be putting itself on the market

Summary: Aside from the companies noted by Re/Code as potential buyers, ZDNet has learned Cisco has been rumored to be interested too.

SHARE:
software-automation

Jive Software could be looking to save itself through the help of a larger force -- namely one with bigger pockets and a better balance sheet.

The social business software maker has reportedly tapped tech-focused investment firm Qatalyst Partners to look for a buyer, according to a report by Re/Code on Tuesday.

The report noted that Jive approached Oracle, SAP and Workday for a merger -- but none of them were interested.

Aside from the companies noted by Re/Code as potential buyers, Cisco has been rumored to be interested, ZDNet has learned. It's unclear where Jive would fit inside of Cisco, but would apparently be a tag-team with WebEx on collaboration.

Warning signs for Jive have been emitting for some time now.

Earnings reports have been slipping from quarter to quarter, fueling speculation over whether or not Jive's portfolio could stand alone as social features are being built into most applications.

Not to mention that Jive is also under pressure from fighting competitors such as Salesforce.com, Tibco and Microsoft's Yammer, all of which are also targeting the same high-profile enterprises.

Topics: Enterprise Software, Collaboration, Software, Enterprise 2.0, Tech Industry

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion