Cisco Systems, Inc. (NASDAQ:CSCO) is the world leader in network equipment, especially it’s switching and routing gear is the best in the world. The company also has a very special social space solution popularly known as WebEx Social Service. However, Cisco has decided to retire it and has signed a deal with Jive Software Inc (NASDAQ:JIVE) and will be promoting its collaboration platform. Both the companies announced this on Thursday; this deal would benefit both companies and give them an edge in the social business space. However, Cisco Systems, Inc. (NASDAQ:CSCO) hasn’t retired WebEx completely, WebEx meetings and jabber would be integrated with Jive’s solution and the companies would pitch in for sales of the integrated solution. They are set to build a single platform from where one can access online meetings, share documents, stream voice and video and literally anything that a corporate company needs to bring employees working remotely closer to each other.
As part of this deal, Cisco has announced that the sale of WebEx Social has been stopped effective immediately. Cisco’s VP of collaboration marketing, Peder Ulander, was quoted stating that the market for an enterprise social platform has evolved and that the market is revolving around a few key players. Hence, to give the best experience to Cisco Systems, Inc. (NASDAQ:CSCO) customers, the company has collaborated with Jive and this will give us a new platform, which would integrate every function of a social application.
This partnership has given Jive Software Inc (NASDAQ:JIVE)’s stock a boost and the company’s share price went up by 9 % on Thursday, which was very pleasant as the stock has been declining for weeks before that (it is down 25% year-to-date). If things go well then we might soon see a merger. Though we will have to wait and watch for that.
Stay tuned for further updates on this hot deal. We recommend Jive Software Inc (NASDAQ:JIVE)’s stocks today as the stock is expected to be on a steady upward curve for some time.