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Jive Software's IPO Pop. Overvalued?

alarmClock Dec 13 11

Jive Software saw an opening gain of 26% after increasing both the share size and price of the deal. The company's stock opened at $15.12 a share on the Nasdaq, up from its iPO price of $12. JIve sells a SaaS package of social business software that includes internal blogs and social profiles. It is now used by 657 customers, including HP, SAP and UBS. We have used Jive and like it. We think it can improve company cohesiveness. But we feel that it's not the answer to corporate communications. Jive says that its primary competition comes from Microsoft, IBM and Salesforce.com. We have to disagree as we think that Jive's primary competition will come from free, open-source software. Full story...

Tagged: business software, cohesiveness, corporate communications, free open source, free open source software, hp, ipo price, larger companies,

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