May 30, 2013 – Jive Software Inc., which is growing three times faster than its peers, may become a takeover target for IBM or Oracle after luring the attention of SAP AG.
Jive rallied 5.6 percent, the most in three months, on May 24 after Bloomberg News reported that SAP recently considered buying the $1.1 billion company before deciding there was too much product overlap. The Palo Alto, California-based developer of software that helps employees collaborate may now lure other suitors, including IBM and Oracle, because of its prospects for increasing revenue, Credit Suisse Group AG said.
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