CAMPBELL, Calif. and
AUSTIN, June 12, 2017 /PRNewswire/ -- Jive Software, Inc.
(Nasdaq: JIVE) and Aurea today announced that ESW Capital,
LLC, through its affiliate Wave Systems, has completed its
acquisition of Jive. Under the terms of the definitive agreement
announced on May 1, 2017, a tender
offer for all the outstanding shares of Jive common stock was
commenced at $5.25 per share in an
all-cash transaction valued at $462
million. The tender offer and merger contemplated by the
definitive agreement were completed on June 12, 2017 and
Jive has become part of the Aurea family of companies.
"Jive is a market leader with an incredible impact on the way
people work together in today's digital age," said Elisa Steele, CEO of Jive. "We are reminded of
this each day in the success stories we hear from our innovative
customers, who represent some of the strongest, most powerful
brands in the world. This kind of deep engagement – where
employees, customers and partners come together through
collaboration – will be a critical driver to broaden the customer
experiences Aurea delivers to market. It's been my great honor
serving as Jive's CEO and I salute the Jive team who helped
transform Jive to lead with cloud, drive to profitability and
achieve record revenue for the company."
"Jive's industry-leading employee and customer engagement
solutions will play a foundational role in helping Aurea deliver
transformational customer experiences for our clients," said
Scott Brighton, CEO of Aurea.
"Together, Aurea and Jive will transform the customer experience
through far deeper engagement with employees, partners and
customers. I'm excited to welcome Jive customers and employees to
the Aurea family, and look forward to taking this significant step
forward together."
Research has shown a direct correlation between more deeply
engaged employees and dramatically higher levels of customer
satisfaction. A recent study by McKinsey found that redesigning
customer journeys with a parallel focus on internal employee
engagement can raise customer satisfaction scores by up to 20
points, reduce costs to serve by 20 percent, and boost employee
engagement by 20 percent. Through this acquisition, Aurea will
accelerate its mission of delivering the world's greatest customer
experiences for companies around the world.
About Jive Software
Jive (Nasdaq: JIVE) is the leader
in accelerating workplace digital transformation for
organizations, enabling people to work better together. The company
provides industry-leading Interactive Intranet and Customer
Community solutions that connect people, information and
ideas to help businesses outpace their competitors. With more
than 30 million users worldwide and customers in virtually every
industry, Jive is consistently recognized as a leader by top
analyst firms, including Gartner Inc., Ovum and Aragon
Research. More information can be found
at www.jivesoftware.com or the Jive Blog.
About Aurea
Aurea is the technology behind some of
the world's greatest customer experiences. And we transform your
experience with us, through a Client Success Program™ that ensures
you achieve your goals, every step of the way. Aurea is a very
different kind of software company – and we deliver very different
results. Learn more at www.aurea.com.
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SOURCE Jive Software