Jive Software Hopes to Juke Toward an IPO
What’s the next hot technology that will get Wall Street buzzing? Some big names in the technology industry are betting that it’s social tools that help businesses communicate and collaborate.
While much of the recent IPO talk centers on social networking sites like Facebook and LinkedIn, a smaller player trying to apply the same principles to the business world is starting to talk about going public as well. That company, Jive Software, is naming Tony Zingale as its fulltime chief executive. Mr. Zingale, who had been serving in that post on an interim basis, is an industry veteran whose experience includes running Mercury Interactive and engineering that company’s $4.5 billion sale to H-P (HPQ). The company also plans to move its headquarters from Portland Ore., to Palo Alto, Calif., in the heart of Silicon Valley.