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Jive Software Inc.
February 14, 2012
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The maker of social-networking software for businesses rose to the highest stock price since its Dec. 13 initial public offering after a Barron’s story highlighted the company’s similarities to Facebook Inc. Stock of the Palo Alto, Calif., company debuted at $20 a share. Jive has “been around since 2001, so they’ve navigated some pretty rough waters,’’ said Cindy Profaca, at IPOfinancial.com, who recommends buying the shares. Barron’s said Jive is sometimes known as the “other’’ social networking company.
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