Jive Software

Jive Software
Public
Traded as NASDAQ: JIVE
Industry Collaboration software
Founded 2001 (2001)
Headquarters Palo Alto, California, U.S.
Key people
 Elisa Steele, CEO, President
Bryan LeBlanc, CFO
Matt Tucker, Co-Founder, CTO
Products Jive
Openfire
Revenue Increase US$195.8 Million (2015)
Number of employees
 Increase 658 (2014)
Website jivesoftware.com

Jive Software is a provider of communication and collaboration solutions for business. Jive enables employees, partners and customers to work together. Jive is headquartered in Palo Alto, California.[1] Founded in 2001, Jive maintains additional offices in Portland, OR; San Francisco, CA; Boulder, CO; New York, NY; Toronto, Ontario, Canada; Reading, UK; Frankfurt, Germany; São Paulo, Brazil; Tel Aviv, Israel; Sydney & Melbourne, Australia; Hong Kong; Singapore, Tokyo and Paris.

Products

The Jive platform is delivered in three product lines: Jive-n for companies rolling out a complete social intranet, employee communications and/or an employee support solution for organizations, Jive-x for external customer, marketing and partner communities, and Jive-w, a suite of new mobile workstyle product experiences that ensure employees stay informed, connect in real-time across devices, and quickly find experts within a company. The first three products in the Jive-w portfolio include Jive Daily, Jive Chime and Jive People.

The company now releases quarterly updates to its product offerings, most recently introducing the Jive Internal Fall cloud release and the JiveX Fall cloud release.

Acquisitions

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. Plans to integrate Producteev into Jive's core social business platform via a new module are in the works for the near future. 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.[2]

At the end of 2009, Jive posted a record 85% percent increase in revenue[3] in addition to securing $12 million in Series B funding from Sequoia Capital.[4] On January 7, 2010, Jive acquired Colorado-based social monitoring company Filtrbox for $1.7 million in cash and common stock.[5]

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.[6] This move fueled speculation that Jive Software was planning to go public.[7] 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.[8]

Also in 2010, the company relocated its headquarters from Portland to Palo Alto, California. However, as of 2013, its Portland site remains its largest, with 250 of the company's 650 employees.[2] On March 30, 2011, Jive appointed four new board members, executives from Facebook, Google, and McAfee. [9]

In 2011, Jive filed for a $100 million IPO.[10] 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.[11]

In November 2012, Jive acquired two technology companies: New York-based social task management company Producteev and San Francisco-based Meetings.io, a real-time communications platform and Y-combinator backed company.

In May 2013, Jive announced they had acquired CLARA, a real-time analytics company, and StreamOnce, which connects different business systems to a company's social intranet.

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.[12]

On February 10, 2015, Elisa Steele was named CEO, 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.[13] 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.[14]

References

  1. ↑ Rogoway, Mike (May 18, 2010). "Jive Software makes it official: HQ now in Palo Alto". The Oregonian (Portland, Oregon). Retrieved August 14, 2013.
  2. 1 2 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 August 14, 2013.
  3. ↑ "Jive Software Grows Up". New York Times. 2010-01-11. Retrieved 2010-01-11.
  4. ↑ "Portland’s Jive Software secures another $12 million in venture capital from Sequoia". Tech Vibes. Retrieved 2009-10-09.
  5. ↑ "Jive Software Acquires Social Media Monitoring Startup Filtrbox". Tech Crunch. Retrieved 2009-10-20.
  6. ↑ "Jive Talks: My Transition". Jive Software. Retrieved 2010-02-25.
  7. ↑ "Is Jive Software Taking Steps Toward An IPO?". ReadWrite Enterprise. Retrieved 2010-02-25.
  8. ↑ Worthen, Ben (2010-05-18). "Jive Software Hopes to Juke Toward an IPO". Wall Street Journal. Retrieved 2010-05-28.
  9. ↑ "Jive Preps For IPO; Facebook, Google, McAfee Execs On Board". Forbes. 2011-03-30. Retrieved 2011-04-09.
  10. ↑ "Jive Software Files For $100 Million IPO, Does Not Expect Profits In Near Future". San Francisco Chronicle. Business Insider. August 24, 2011. Retrieved August 24, 2011.
  11. ↑ Ari Levy (13 December 2011). "Jive Software Raises $161.3 Million in Initial Public Offering". Bloomberg News.
  12. ↑ Hesseldahl, Arik. "Tony Zingale to Retire as Jive CEO, Elisa Steele Named President". http://recode.net/. Retrieved 6 November 2014. External link in |website= (help)
  13. ↑ Kepes, Ben (3 June 2015). "As Jive Continues To Plummet, Is A Takeover In The Cards?". Forbes. Retrieved 4 July 2015.
  14. ↑ Kompella, Kashyap. "What does the future hold for Jive Software and its customers?". Real Story Group. Real Story Group. Retrieved 4 July 2015.

External links

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