Zeldes Haeggquist & Eck, LLP Announces Investigation of Jive Software, Inc.
SAN DIEGO--(BUSINESS WIRE)--Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into Jive Software Inc. (“Jive Software” or the “Company”) (NASDAQ: JIVE) to determine whether Jive Software and the Company’s Officers and Directors have violated the federal securities laws or breached their fiduciary duties owed to the Company and its shareholders.
Jive Software is a Palo Alto, California based company which provides a social networking platform (the “Jive Platform”) that allows its users to create their own personal profiles, link with their co-workers, and join common interest user groups. The Jive Platform is a Facebook equivalent for use within companies.
The investigation focuses on whether Jive Software failed to disclose that its fourth quarter operating losses were dramatically increasing as a result of substantial increased spending on marketing and sales, while at the same time it was suffering a dramatic decrease in new customer growth, despite the increased spending on sales and marketing.
Specifically, while Jive Software’s 4Q 2011 revenues had increased just 53% over 4Q 2010, its operating expenses had more than doubled during that same period on a year-over-year basis, and as a result, its operating losses had skyrocketed by 85% during the fourth quarter of 2011, significantly outpacing the growth in revenue.
What You Can Do
If you purchased shares of Jive Software, you may have legal claims against the Company and/or its Officers and Directors. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber L. Eck at 619-342-8000, or by email at firstname.lastname@example.org. There is no cost to you.
About Zeldes Haeggquist & Eck, LLP
Zeldes Haeggquist & Eck, LLP is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com or our blog for more information about the firm.