Jive Software
Encyclopedia
Jive Software is a software company in the social business software industry based in Palo Alto, California
. Founded in 2001, Jive maintains additional offices in Portland, OR, Boulder, CO, Frankfurt, Germany, Tel Aviv, Israel, and London, UK.
Jive SBS 4.5 was announced and released on June 8, 2010, adding microblogging, enterprise IM and support for OpenSocial. SBS 4.0 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.
. On January 7, 2010 Jive acquired Colorado-based social monitoring company Filtrbox for an undisclosed sum.
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. This move fueled speculation that Jive Software was planning to go public. 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
. On March 30, 2011, Jive appointed four new board members, executives from Facebook, Google, and McAfee.
In 2011, Jive filed for a $100 million IPO, though the company admitted it was not yet profitable. 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.
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.
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.
Palo Alto, California
Palo Alto is a California charter city located in the northwest corner of Santa Clara County, in the San Francisco Bay Area of California, United States. The city shares its borders with East Palo Alto, Mountain View, Los Altos, Los Altos Hills, Stanford, Portola Valley, and Menlo Park. It is...
. Founded in 2001, Jive maintains additional offices in Portland, OR, Boulder, CO, Frankfurt, Germany, Tel Aviv, Israel, and London, UK.
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 was announced and released on June 8, 2010, adding microblogging, enterprise IM and support for OpenSocial. SBS 4.0 was announced and released on October 28, 2009, adding Mobile (iPhone
IPhone
The iPhone is a line of Internet and multimedia-enabled smartphones marketed by Apple Inc. The first iPhone was unveiled by Steve Jobs, then CEO of Apple, on January 9, 2007, and released on June 29, 2007...
, BlackBerry) features, a connection module for Microsoft Office, and an expansion on the cloud-based
Cloud computing
Cloud computing is the delivery of computing as a service rather than a product, whereby shared resources, software, and information are provided to computers and other devices as a utility over a network ....
data analytics
Data analysis
Analysis of data is a process of inspecting, cleaning, transforming, and modeling data with the goal of highlighting useful information, suggesting conclusions, and supporting decision making...
and reporting features first introduced in SBS 3.0.
In June 2009, SAP
SAP AG
SAP AG is a German software corporation that makes enterprise software to manage business operations and customer relations. Headquartered in Walldorf, Baden-Württemberg, with regional offices around the world, SAP is the market leader in enterprise application software...
and Jive announced that they agreed to integrate SAP's BusinessObjects BI OnDemand software with Jive's community and collaboration platform.
History
At the end of 2009, Jive posted a record 85% percent increase in revenue in addition to securing $12 million in Series B funding from Sequoia CapitalSequoia Capital
Sequoia Capital is a Californian venture capital firm located on Sand Hill Road in Menlo Park, California. The Wall Street Journal has called Sequoia Capital "one of the highest-caliber venture firms", and noted that it is "one of Silicon Valley's most influential venture-capital firms"...
. On January 7, 2010 Jive acquired Colorado-based social monitoring company Filtrbox for an undisclosed sum.
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
Mercury Interactive
Mercury is now part of Hewlett-Packard. The combination of Mercury Interactive and HP OpenView formed HP Software Division, a global business unit within HP Enterprise Business...
, 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. This move fueled speculation that Jive Software was planning to go public. 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
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
. On March 30, 2011, Jive appointed four new board members, executives from Facebook, Google, and McAfee.
In 2011, Jive filed for a $100 million IPO, though the company admitted it was not yet profitable. 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.
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.
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.
External links
- Firms make tough choices about perks in the recession "Daily Journal of Commerce" retrieved July 17, 2009