Market Overview

Jive Jumps On Speculation About Potential Suitor

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Jive Software (NASDAQ: JIVE) are up over three percent, perhaps on speculation that Cisco Systems may be a suitor.

A story on Seeking Alpha noted a recent collaboration between the two companies and posed the question whether Cisco may purchase Jive. No information nor sources in the story suggested a merger might actually occur.

Seeking Alpha noted news of early last month, when Jive formed a strategic partnership with Cisco in which Jive's business collaboration platform will be integrated with Cisco's communication technologies for things like instant messaging, Web access and conferencing.

Benzinga reached out to both Jive and Cisco for potential insight into the rumor, but each company declined comment.

Jive traded recently at $8.55 per share, up 3.51 percent.

Posted-In: CSCONews Rumors

 

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