Jive Software

Jive Software
Type Public
Traded as NASDAQ: JIVE
Industry Social Networking
Computer software
Social software
Collaboration software
Enterprise content management
Founded 2001 (2001)
Headquarters Palo Alto, California, U.S.
Key people Tony Zingale, CEO
Bryan LeBlanc, CFO
Matt Tucker, CTO, co-founder
Bill Lynch, co-founder
Dave Hersh, CotB
Jim Goetz, Board member
Products Jive Engage
Openfire
Revenue USD $30 million (2009)
87% from 2008[1]
Employees 360 (2011)
Website jivesoftware.com

Jive Software is a software company in the social business software industry based in Palo Alto, California[2]. Founded in 2001, Jive maintains additional offices in Portland, OR, Boulder, CO, Frankfurt, Germany, Tel Aviv, Israel, and London, UK.[3]

Contents

Products

Jive's flagship product is Jive Engage (formerly named Clearspace, then Jive SBS), which combines collaboration software, community software, and social applications.

Jive SBS 4.5[4] was announced and released on June 8, 2010, adding microblogging, enterprise IM and support for OpenSocial. SBS 4.0[5] was announced and released on October 28, 2009, adding Mobile (iPhone, BlackBerry) features, a connection module for Microsoft Office, and an expansion on the cloud-based data analytics and reporting features first introduced in SBS 3.0.

In June 2009, SAP and Jive announced that they agreed to integrate SAP's BusinessObjects BI OnDemand software with Jive's community and collaboration platform.[6][7]

History

At the end of 2009, Jive posted a record 85% percent increase in revenue[8] in addition to securing $12 million in Series B funding from Sequoia Capital.[9] On January 7, 2010 Jive acquired Colorado-based social monitoring company Filtrbox for an undisclosed sum.[10]

On February 22, 2010, Dave Hersh announced he was stepping down as CEO and accepting the role of Chairman of the Board. Tony Zingale, a Jive Software board member and the former CEO of Mercury Interactive, stepped in as interim CEO until a permanent replacement could be found, a search Mr. Hersh was heading. Mr. Hersh cited his lack of experience in guiding a fast-growing company in a swift-changing environment, while insisting the decision was his alone.[11] This move fueled speculation that Jive Software was planning to go public.[12] On May 18, 2010, Jive announced that Zingale would remain as the permanent CEO, and also confirmed that they were looking to file for an IPO.[13] On March 30, 2011, Jive appointed four new board members, executives from Facebook, Google, and McAfee. [14]

In 2011, Jive filed for a $100 million IPO, though the company admitted it was no longer profitable.[15] Despite a growth in users, the lack of profit was in part due to the company more than doubling its employees to 360 in an aggressive expansion.[16] The company's flagship Jive Engage Platform product had 635 customers, including Hewlett-Packard, SAP, T-Mobile and UBS, and over 15 million users as of June 30, 2011. [17]

In November 2011, Jive Software set terms for its IPO, planning to raise $105 million by offering 11.7 million shares at a price range of $8 to $10.[18]

The company had its IPO on December 12, 2011, on the NASDAQ stock exchange, raising $161.3 million from investors, around $60 million higher than was planned.[19]

References

  1. ^ "Jive Software notches $30m in '09 revenue". Oregon Live. http://blog.oregonlive.com/siliconforest/2010/01/jive_software_reports_30m_in_0.html. Retrieved 2010-01-11. 
  2. ^ "Jive Software makes it official: HQ now in Palo Alto". OregonLive.com. http://blog.oregonlive.com/siliconforest/2010/05/jive_software_makes_it_officia.html. Retrieved 2010-05-28. 
  3. ^ "Jive Software acquires Boulder-based social media company Filtrbox". Colorado Daily. http://www.coloradodaily.com/business/ci_14143078. Retrieved 2009-01-07. 
  4. ^ "Jive 4.5 Includes Microblogging, IM and Support for OpenSocial". CMSWire. http://www.cmswire.com/cms/enterprise-20/jive-45-includes-microblogging-im-and-support-for-opensocial-007775.php. Retrieved 2010-06-11. 
  5. ^ "Jive SBS 4.0 Offers Office Integration and an iPhone App". ReadWriteWeb. http://www.readwriteweb.com/enterprise/2009/10/jive-sbs-40-offers-office-inte.php. Retrieved 2010-05-28. 
  6. ^ "Jive, SAP partner on 'social BI'". Techworld. http://www.techworld.com.au/article/308633/jive_sap_partner_social_bi. Retrieved 2009-06-24. 
  7. ^ "Jive Integrates SAP's onDemand Business Intelligence Offerings". CMS Wire. http://www.cmswire.com/cms/enterprise-20/jive-integrates-saps-ondemand-business-intelligence-offerings-004898.php. Retrieved 2009-07-17. 
  8. ^ "Jive Software Grows Up". New York Times. 2010-01-11. http://bits.blogs.nytimes.com/2010/01/11/jive-software-grows-up/. Retrieved 2010-01-11. 
  9. ^ "Portland’s Jive Software secures another $12 million in venture capital from Sequoia". Tech Vibes. http://www.techvibes.com/blog/portlands-jive-software-secures-another-12-million-in-venture-capital-from-sequoia. Retrieved 2009-10-09. 
  10. ^ "Jive Software Acquires Social Media Monitoring Startup Filtrbox". Tech Crunch. http://www.techcrunch.com/2010/01/07/jive-software-acquires-social-media-monitoring-startup-filtrbox/. Retrieved 2009-10-20. 
  11. ^ "Jive Talks: My Transition". Jive Software. http://www.jivesoftware.com/jivespace/community/jivetalks/blog/2010/02/22/my-transition. Retrieved 2010-02-25. 
  12. ^ "Is Jive Software Taking Steps Toward An IPO?". ReadWrite Enterprise. http://www.readwriteweb.com/enterprise/2010/02/is-jive-software-taking-steps.php. Retrieved 2010-02-25. 
  13. ^ Worthen, Ben (2010-05-18). "Jive Software Hopes to Juke Toward an IPO". Wall Street Journal. http://blogs.wsj.com/digits/2010/05/18/jive-software-hopes-to-juke-towards-an-ipo/. Retrieved 2010-05-28. 
  14. ^ "Jive Preps For IPO; Facebook, Google, McAfee Execs On Board". Forbes. 2011-03-30. http://blogs.forbes.com/tomiogeron/2011/03/30/jive-preps-for-ipo-facebook-google-mcafee-execs-on-board/. Retrieved 2011-04-09. 
  15. ^ "Jive Software Files For $100 Million IPO, Does Not Expect Profits In Near Future". San Francisco Chronicle. Business Insider. August 24, 2011. http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/24/businessinsider-jive-software-files-for-ipo-does-not-expect-profits-in-near-future-2011-8.DTL. Retrieved August 24, 2011. 
  16. ^ "Jive Software Becomes Latest to Test IPO Waters". ABC News. Associated Press. August 25, 2011. http://abcnews.go.com/Technology/wireStory?id=14375446. Retrieved August 24, 2011. 
  17. ^ "Jive Software files for a much anticipated IPO". Renaissance Capital. 24 August 2011. http://www.renaissancecapital.com/ipohome/news/Jive-Software-files-for-a-much-anticipated-IPO-10202.html. 
  18. ^ "Jive Software sets terms for $105 million IPO". Renaissance Capital. 30 November 2011. http://www.renaissancecapital.com/ipohome/news/Jive-Software-sets-terms-for-$105-million-IPO-10643.html. 
  19. ^ Ari Levy (13 December 2011). "Jive Software Raises $161.3 Million in Initial Public Offering". Bloomberg News. http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/13/bloomberg_articlesLW4B880UQVI9.DTL. 

External links