Jive, the maker of a all-in-one social enterprise software, has raised $12 million in Series B funding from Sequoia Capital. Jive previously raised $15 million in Series A funding from Sequoia in August of 2007.
Modeled to offer Facebook-like features to enterprises, Jive combines computing with social collaboration. Its suite of applications help businesses collaborate on a variety of tasks, including holding discussions, sharing documents, blogging, running polls, and social networking features and more. Jive says it will will use the funding for product development, to “expand its partner ecosystem,” and grow its sales and customer support teams. The company, which is profitable, recently launched integration with Microsoft SharePoint, letting Jive users easily access data and content from the CMS into Jive’s software.
Last year, the startup released new versions of its Clearspace software in April and acquired Jotlet. This year, the software company integrated Jive’s software into a complete package and also recently incoroprated social media monitoring into its platform. Jive’s competitors include NewsGator and Socialtext.
first post! whoopie!
also, why are V.C’s just giving away money for crap products ?
well this is much appreciated…………
Congratulations Jivers,
I now know why their software is so expensive
Got to cut the fat and make it more affordable in this day and age guys. We did not get 27M, but still have a great platform that rivals SBS in every way. Next week, we may even go to Jive World and try to steal some customers from their SF conference at the W, I know this is low, but what can you do.
Congrats to the Jive team and to CEO Dave Hersh in particular. You guys deserve to win this space. Delighted to see Sequoia putting the appropriate muscle behind your efforts.
We do think there is room in the market for more public social enterprise software companies and we certainly have those aspirations. That seems like an amazingly ballsy statement to make in terms of going public with just $12 Million in revenues. Not that there’s a magic number every company should hit before they can go public. I’ve also been hearing excellent things about Jive and I would just like to convey my congratulations for achieving this milestone. I’ve also heard that the software is very robust and secure.
Good luck!!!
We do think there is room in the market for more public social enterprise software companies and we certainly have those aspirations. That seems like an amazingly ballsy statement to make in terms of going public with just $12 Million in revenues. Not that there’s a magic number every company should hit before they can go public. I’ve been hearing excellent things about Jive and I would just like to convey my congratulations for achieving this milestone. I’ve also heard that the software is very robust and secure.
Good luck!!!
Congrats Dave et al.
A good example of what Jive supports can be seen on the Cisco Community Central website which actually includes integration to the Cisco Connection Online (CCO) username/password one would associate with cisco.com itself.
While a lot of folks might brush this single sign-on off as what Facebook Connect, and other OAuth providers do, this is a pretty interesting approach from someone as large as Cisco.
Yes! Go Jive! Nice to see a Portland company making it.
Jive is hands down the best in “enterprise” social software. Definitely not cheap, but the product is clean and stable. We keep getting customer requests for “Jive-like” features for our social networking platform – Dolphin. Thus, as of now, we see Jive as one of the most potent ESS platforms and we’re happy we don’t compete directly. BoonEx is for niche social networks, communities and dating sites (free/open-source), Jive is for business (SaaS/paid/etc).
All in all, good news and congrats to Jive. You deserve this.
I’m putting my bets on an exit to Microsoft in the near future..
SAP or maybe NetAPP (Sequoia is investor in both, and this is how Jive got the NetApp as client, we lost it)
I wonder if they were thinking “Jibe”, to agree or work in harmony, and not “jive” which dictionary.com says is “deceptive or meaningless talk”?
With all that funding you’d think they could come up with an original logo instead of the Apple ripoff.
Nice to see a Portland company making it ..