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Friday, Aug 2
Jive Software rallies on (another) report of SAP's recent interest
- Sources tell BloombergBusinessweek SAP has considered buying Jive (JIVE +2.6%) in recent months, along with other companies.
- There doesn't appear to be any new information about SAP/Jive in this column, relative to a May report stating SAP considered acquiring the enterprise social networking software firm, but decided not to due to product overlap concerns.
- BloombergBusinessweek also observes SAP is rapidly expanding its Silicon Valley presence. The German software giant has spent $7.6B to acquire Valley software firms SuccessFactors and Ariba, and its Palo Alto-based VC arm has invested $700M+ in startups, including enterprise cloud storage high-flyer Box.