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.
In the end, it was 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.
The plan is to integrate Jive into Aurea’s customer experience management platform. The acquisition gives Aurea a tool for creating internal and customer-facing communities, a key piece in today’s customer service environment. It also gives them access to Jive’s customer base, which includes T Mobile, Schneider Electric, McAfee and EMC.
Scott Brighton, CEO of Aurea sees the community component strengthening the overall platform. “Jive, in combination with Aurea, enables us to bring customer experience and employee and customer engagement together,” he said in a statement.
It would appear with this sale, we are seeing the official end of the Enterprise…