Jive Software
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Jive Software
Jive Software
Private
IndustryCollaboration software
Founded2001 (2001)
Headquarters,
Key people
Elisa Steele, CEO, President
Bryan LeBlanc, CFO
ProductsJive
Openfire
RevenueIncrease US$195.8 Million (2015)
OwnerAurea Software, Inc.
Number of employees
Increase 658 (2014)
Websitejivesoftware.com

Jive Software, an Aurea Company, is a provider of communication and collaboration solutions for business, including a suite of collaboration software and an intranet back-end.[1]

Jive was headquartered in Palo Alto, California.[2] Founded in 2001, Jive maintains additional offices in Portland, OR; San Francisco, CA; New York, NY; Toronto, Ontario, Canada; Reading, UK; Frankfurt, Germany; São Paulo, Brazil; Tel Aviv, Israel; Melbourne, Australia; Hong Kong; Singapore, Tokyo and Paris. On June 12, 2017, Aurea completed the acquisition of Jive Software.[3]

Acquisitions

On January 7, 2010, Jive acquired Colorado-based social monitoring company Filtrbox for $1.7 million in cash and common stock.[4]

In May 2011, Jive announced the acquisition of OffiSync, an Israeli startup that adds a collaboration layer to Microsoft Office applications.

In November 2012, Jive announced the acquisition of technology companies Producteev and Meetings.io. Producteev produces a cloud-based task management application with web, desktop, and mobile clients. Meetings.io provides a chat and video conferencing tool. In May 2013, the company announced the newly redesigned version of Producteev by Jive as a stand-alone free app to individuals and teams of any size. Jive released the real-time communication features from Meetings.io over the course of 2013. These features were then broken out into a stand-alone app called Jive Chime.

In May 2013, Jive announced the acquisition of CLARA and StreamOnce and detailed their integration in the Jive Platform. The integration of CLARA's Jive Resonata product brings community analytics to the platform and allows users to measure the reach, sentiment and influence of their work, and use predictive analysis to anticipate customer behavior.

History

Jive was founded in 2001 in Iowa, but relocated to New York later the same year. In 2004, the company moved its headquarters to Portland, Oregon.[5]

At the end of 2009, Jive posted a record 85% percent increase in revenue[6] in addition to securing $12 million in Series B funding from Sequoia Capital.[7]

In 2011, Jive filed for a $100 million IPO.[8] 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.[9]

On November 4, 2014 Tony Zingale announced his retirement as CEO and that he would take an extended role on the board as executive chairman. Jive appointed Elisa Steele president and to office of the CEO until the board found a replacement.[10]

On February 10, 2015, Elisa Steele was named CEO,[11] alongside her existing role as president. At the time, she was also named to the Jive board of directors.

By 2015, the company's customer and revenue growth had declined to a market cap of $400 million.[12] Independent technology analysis firm, the Real Story Group, assessed the potential for a take over of the firm, postulating that Jive may represent "the canary in the coal mine," indicating a more systemic shift in the market for enterprise collaboration software.[13]

On February 7, 2017 during the earnings call Jive announced that the past quarter (Q4,2016) was the first where the company had achieved GAAP operating profitability.[14]

Acquisition by Aurea

On May 1, 2017, Jive announced that it had entered "into Definitive Agreement to Become Part of the Aurea Family of Companies for $462 Million in Cash"[15] While this deal was mostly seen as a win for investors, some viewed it as a "fire sale", noting that investors lost millions.[16] Aurea has integrated Jive into its Customer Experience Platform, giving Aurea a tool to introduce internal and customer-facing communities to their clients.

References

  1. ^ Heather Clancy. "Jive Software chants workplace collaboration mantra". Retrieved .
  2. ^ Rogoway, Mike (May 18, 2010). "Jive Software makes it official: HQ now in Palo Alto". The Oregonian. Portland, Oregon. Retrieved 2013.
  3. ^ "Collaboration software company Jive to be acquired by Aurea for $462 million". Techcrunch. 1 May 2017.
  4. ^ "Jive Software Acquires Social Media Monitoring Startup Filtrbox". Tech Crunch. Retrieved .
  5. ^ Rogoway, Mike (August 11, 2013). "Jive keeps swinging: New strategies are in works to lift the onetime Portland-based software company to the next level". The Sunday Oregonian. pp. D1, D3. Retrieved 2013.
  6. ^ "Jive Software Grows Up". New York Times. 2010-01-11. Retrieved .
  7. ^ "Portland's Jive Software secures another $12 million in venture capital from Sequoia". Tech Vibes. Retrieved .
  8. ^ "Jive Software Files For $100 Million IPO, Does Not Expect Profits In Near Future". San Francisco Chronicle. Business Insider. August 24, 2011. Retrieved 2011.
  9. ^ Ari Levy (13 December 2011). "Jive Software Raises $161.3 Million in Initial Public Offering". Bloomberg News.
  10. ^ Hesseldahl, Arik. "Tony Zingale to Retire as Jive CEO, Elisa Steele Named President". recode.net. Retrieved 2014.
  11. ^ Hesseldahl, Arik (February 10, 2015). "Jive Software Names Elisa Steele Permanent CEO".
  12. ^ Kepes, Ben (3 June 2015). "As Jive Continues To Plummet, Is A Takeover In The Cards?". Forbes. Retrieved 2015.
  13. ^ Kompella, Kashyap. "What does the future hold for Jive Software and its customers?". Real Story Group. Real Story Group. Retrieved 2015.
  14. ^ "What Makes Jive, Jive". Jive Software. Retrieved .
  15. ^ "Jive Software Enters into Definitive Agreement to Become Part of the Aurea Family of Companies for $462 Million in Cash" (Press Release). Jive Software. 1 May 2017. Retrieved 2017.
  16. ^ "Collaboration software company Jive to be acquired by Aurea for $462 million". TechCrunch. Retrieved .

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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