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The acquisition of Jive Software by Austin-based Aurea Software has officially closed . Jive also filed paperwork to remove its shares from the Nasdaq stock exchange. This marks the end of Jive as a standalone business that was one of the early success stories of Portland’s software scene.
Jive Software’s sale to ESW Capital’s Aurea Software is the culmination of roughly two years of talks that included both potential strategic and financial buyers, according to regulatory documents filed with the Securities and Exchange Commission. The process began in April and May 2015 when the private equity firm Francisco Partners and another unidentified financial, or private equity firm, approached Jive to discuss some sort of deal with the company, either an acquisition or investment. All told, there were about a dozen different private equity firms or companies involved in the talks.
The business collaboration software company is being acquired, but questions remain as shares started rising before the deal was announced.