Jive Software, once Portland’s signature tech company, sells for $462 million

Jive Software, the onetime Portland startup that helped kick off the city’s technology renaissance a decade ago, said Monday that it will sell the business to a Texas investment firm for $462 million, or $5.25 a share.

The all-cash deal represents a 20 percent premium on Jive’s average closing share price over the past three months, but is just 4 percent above Jive’s Friday close of $5.05. And it is little more than half the value investors assigned to the company in its 2011 IPO. Jive once traded above $28.

By Mike Rogoway | The Oregonian/OregonLive

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