jive software inc (JIVE) Snapshot

SAP AG (DB:SAP) has reportedly ended talks it held within recent weeks about acquiring Jive Software, Inc. (NasdaqGS:JIVE). Bloomberg reported that SAP decided not to pursue acquiring Jive because of too much product overlap between the companies, and Jive wouldn't add enough market share to SAP. Jive shares rose 4.6%, to $16.50, while SAP was down by 2.8% at $76.05 a share in afternoon trading.

Jive Software, Inc. announced the availability of Jive StreamOnce, a new platform that allows people to seamlessly bring together all their business applications - such as email, CRM systems, conversation streams, marketing productivity tools, document storage and data storage systems -- into Jive. Jive is offering this new integrated technology through the acquisition of San Jose-based StreamOnce, which helps to accelerate the transition from antiquated email systems and collaboration tools to a modern social business platform, allowing knowledge workers to collaborate in context and connected to all relevant systems in one seamless experience. Jive StreamOnce allows people to use one, consolidated communications hub for all their collaboration needs -- eliminating the need to work and manage multiple systems such as email or collaborate blindly without having the relevant context from key business applications. With one place to work inside Jive, people now have a simple and seamless way to collaborate with colleagues in a unified environment. Jive StreamOnce currently integrates with Gmail, Microsoft Exchange and DropBox. In the coming months, the platform will also give customers seamless access to other business apps from within Jive, including systems like Oracle, NetSuite, Salesforce's CRM system, SAP, Sugar CRM and web information through Jive Anywhere. Jive StreamOnce is available immediately as part of the Jive Spring cloud release. These integrations join a long set of integrations provided by Jive such as SharePoint, Box and Chatter. The company talso announced the new Jive Referral Program for Microsoft SharePoint partners, which allows Microsoft solution providers to connect Jive with SharePoint systems, amplifying the value of existing customer SharePoint deployments and unlocking vast amounts of enterprise data and workflows through the industry's most robust collaboration technology. More information about the Jive Referral Program can be found here.

Jive Software, Inc. announced Robert Yue will join the company as vice president of Asia Pacific (APAC). Yue's appointment further strengthens Jive's presence in the region as more companies in Australia and Asia recognize the value social business delivers to organizations, including the ability to increase productivity by up to 15%. Yue will be based in Jive's newly opened Sydney office and will work closely with the growing APAC team in Melbourne, Singapore, Hong Kong, Tokyo and greater Asia as it expands its reach in the territory. Current APAC companies who use Jive to help transform their business include Ace Insurance, Commonwealth Bank, CSC Australia, PwC Australia and REA Group. Yue comes to Jive with over 20 years of experience in the enterprise software space. Most recently, Yue was with SAP, where he was vice president and managing director for SuccessFactors in Australia and New Zealand.