Jive Software reportedly exploring sale; shares spike

Re/code reports Jive Software (JIVE +8.1%) "has explored a sale during the last several months," and has hired boutique tech i-bank Qatalyst Partners (led by Frank Quattrone) to help find a buyer.

No word on Jive's asking price. Oracle, SAP (previous), and Workday are all said to have passed on the enterprise social networking software vendor, which has seen its sales pressured by competition from the likes of Salesforce, IBM, and Microsoft's Yammer unit.

Nearly 1/6 of the float was shorted as of Feb. 14.

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