Jive Software
{{Infobox company
| name = Jive Software
| logo = Jive_Software_Logo.png
| type = Subsidiary
| traded_as = {{NASDAQ was|JIVE}}
| key_people = Elisa Steele (CEO, president)
Bryan LeBlanc (CFO)
| industry = Collaboration software
| services =
| revenue = {{Increase}} US$195.8 Million (2015)
| owner =
| num_employees = {{Increase}} 658 (2014)
| parent = Aurea Software, Inc.
| subsid =
| footnotes =
| intl =
| foundation = {{Start date and age|2001}}
| location_city = Palo Alto, California
| location_country = U.S.
| location =
| locations =
| homepage = {{url|http://www.jivesoftware.com/}}
}}
Jive Software, an Aurea Software company, is a provider of communication and collaboration software for business.{{cite web|url=http://fortune.com/2015/10/01/jive-software-collaboration/| author=Heather Clancy| title=Jive Software chants workplace collaboration mantra| accessdate=2016-11-17}}
Jive was headquartered in Palo Alto, California.{{cite news|last=Rogoway|first=Mike|url=http://blog.oregonlive.com/siliconforest/2010/05/jive_software_makes_it_officia.html|title=Jive Software makes it official: HQ now in Palo Alto|date=May 18, 2010|newspaper=The Oregonian|location=Portland, Oregon|accessdate=August 14, 2013}} 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.{{cite web |title=Collaboration software company Jive to be acquired by Aurea for $462 million |url=https://techcrunch.com/2017/05/01/collaboration-software-company-jive-to-be-acquired-by-aurea-for-462-million/ |date=1 May 2017 |website=Techcrunch}}
History
Matt Tucker and Bill Lynch founded Jive in 2001 in Iowa; the company relocated to New York later that year.{{Cite web |last=Rogoway |first=Mike |date=2017-05-01 |title=Jive Software sells for $462 million |url=https://www.oregonlive.com/silicon-forest/2017/05/jive_software_once_portlands_s.html |access-date=2022-04-14 |website=OregonLive |language=en}} In 2004, the company moved its headquarters to Portland, Oregon.{{cite news|last=Rogoway|first=Mike|title=Jive keeps swinging: New strategies are in works to lift the onetime Portland-based software company to the next level |url=http://www.oregonlive.com/silicon-forest/index.ssf/2013/08/jive_software_no_longer_a_star.html |accessdate=August 14, 2013|newspaper=The Sunday Oregonian|date=August 11, 2013|pages=D1, D3}}
At the end of 2009, Jive posted a record 85% percent increase in revenue{{cite news |url= http://bits.blogs.nytimes.com/2010/01/11/jive-software-grows-up/ |title= Jive Software Grows Up |work= New York Times |accessdate= 2010-01-11 | date=2010-01-11}} in addition to securing $12 million in Series B funding from Sequoia Capital.{{cite web |url= http://www.techvibes.com/blog/portlands-jive-software-secures-another-12-million-in-venture-capital-from-sequoia |title= Portland's Jive Software secures another $12 million in venture capital from Sequoia |publisher= Tech Vibes |accessdate= 2009-10-09}}
In 2011, Jive filed for a $100 million IPO.{{cite news | url=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 | title=Jive Software Files For $100 Million IPO, Does Not Expect Profits In Near Future | work=San Francisco Chronicle | date=August 24, 2011 | agency=Business Insider | accessdate=August 24, 2011}} 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.{{cite news
|url = http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/13/bloomberg_articlesLW4B880UQVI9.DTL
|title = Jive Software Raises $161.3 Million in Initial Public Offering
|work = Bloomberg News
|author = Ari Levy
|date = 13 December 2011
}}
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.{{cite web|last1=Hesseldahl|first1=Arik|title=Tony Zingale to Retire as Jive CEO, Elisa Steele Named President|url=http://recode.net/2014/11/04/tony-zingale-to-retire-as-jive-ceo-elisa-steele-named-president/|website=recode.net|accessdate=6 November 2014}}
On February 10, 2015, Elisa Steele was named CEO,{{cite web|url=http://recode.net/2015/02/10/jive-software-names-elisa-steele-permanent-ceo/ |title=Jive Software Names Elisa Steele Permanent CEO |first=Arik |last=Hesseldahl |date=February 10, 2015}} 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.{{cite news|last1=Kepes|first1=Ben|title=As Jive Continues To Plummet, Is A Takeover In The Cards?|url=https://www.forbes.com/sites/benkepes/2015/06/03/as-jive-continues-to-plummet-is-a-takeover-in-the-cards/|accessdate=4 July 2015|work=Forbes|date=3 June 2015}} 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.{{cite web|last1=Kompella|first1=Kashyap|title=What does the future hold for Jive Software and its customers?|url=http://www.realstorygroup.com/Blog/2850-What-does-the-future-hold-for-Jive-Software-and-its-customers|website=Real Story Group|date=19 May 2015 |accessdate=4 July 2015}}
On February 7, 2017, during an earnings call, Jive announced that the past quarter (Q4,2016) was the first where the company had achieved GAAP operating profitability.{{Cite news|url=http://investor.jivesoftware.com/phoenix.zhtml?c=243127&p=irol-presentations|title=What Makes Jive, Jive|newspaper=Jive Software|access-date=2017-02-23|language=en-US|archive-date=2017-07-13|archive-url=https://web.archive.org/web/20170713095738/http://investor.jivesoftware.com/phoenix.zhtml?c=243127&p=irol-presentations|url-status=dead}}
Acquisitions
On April 6th, 2008, Jive acquired online calendar software company Jotlet for an undisclosed amount.{{cite web|title=Jive Software Releases Clearspace 2.0, Acquires Jotlet|date=7 April 2008 |url=https://techcrunch.com/2008/04/06/jive-software-releases-clearspace-20-acquires-jotlet/|publisher=Tech Crunch|accessdate=2024-01-12}}
On January 7, 2010, Jive acquired Colorado-based social monitoring company Filtrbox for $1.7 million in cash and common stock.{{cite web|title=Jive Software Acquires Social Media Monitoring Startup Filtrbox|url=https://techcrunch.com/2010/01/07/jive-software-acquires-social-media-monitoring-startup-filtrbox/|publisher=Tech Crunch|accessdate=2009-10-20}}
In May 2011, Jive announced the acquisition of OffiSync, an Israeli startup that adds a collaboration layer to Microsoft Office applications.{{Cite web|title=Jive Buys Microsoft Office Collaboration Plugin OffiSync For Up To $30 Million|url=https://techcrunch.com/2011/05/23/jive-buys-microsoft-office-collaboration-plugin-offisync-for-up-to-30-million/|access-date=2020-09-17|website=TechCrunch|date=23 May 2011 |language=en-US}}
In November 2012, Jive announced the acquisition of technology companies Producteev and Meetings.io for $7.6 million and 460,000 shares of Jive stock.{{Cite web |title=Jive Software Acquires Meetings.io and Producteev To Enhance Social Platform With Real-Time Messaging And Task Management |url=https://techcrunch.com/2012/11/05/jive-software-acquires-meetings-io-and-producteev-to-enhance-social-platform-with-real-time-messaging-and-task-management/ |access-date=2022-04-14 |website=TechCrunch |date=5 November 2012 |language=en-US}}{{Cite web |last=Ludwig |first=Sean |date=2012-11-05 |title=Jive buys Meetings.io & Producteev to bolster social business apps |url=https://venturebeat.com/2012/11/05/jive-buys-meetings-io-producteev/ |access-date=2022-04-14 |website=VentureBeat |language=en-US}} 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. 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.{{Cite web|title=Jive Software Acquires Meetings.io and Producteev To Enhance Social Platform With Real-Time Messaging And Task Management|url=https://techcrunch.com/2012/11/05/jive-software-acquires-meetings-io-and-producteev-to-enhance-social-platform-with-real-time-messaging-and-task-management/|access-date=2020-09-17|website=TechCrunch|date=5 November 2012 |language=en-US}}
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.{{Citation needed|date=August 2020}}
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."{{cite web|url=https://www.jivesoftware.com/about-jive/news-room/press-releases/jive-software-enters-into-definitive-agreement-to-become-part-of-the-aurea-family-of-companies-for-462-million-in-cash|title=Jive Software Enters into Definitive Agreement to Become Part of the Aurea Family of Companies for $462 Million in Cash|date=1 May 2017|website=Jive Software|format=Press Release|accessdate=2 May 2017}} While this deal was mostly seen as a win for investors, some viewed it as a "fire sale", noting that investors lost millions.{{Cite news|url=https://techcrunch.com/2017/05/01/collaboration-software-company-jive-to-be-acquired-by-aurea-for-462-million/|title=Collaboration software company Jive to be acquired by Aurea for $462 million|work=TechCrunch|access-date=2018-10-05|language=en-US}}
References
{{Reflist|30em}}
External links
- [http://djcoregon.com/news/2009/07/14/recession-causes-companies-to-rethink-perks/ Firms make tough choices about perks in the recession] "Daily Journal of Commerce" retrieved July 17, 2009
{{Authority control}}
Category:Business software companies
Category:Companies based in Palo Alto, California
Category:Software companies established in 2001
Category:2001 establishments in Iowa
Category:Companies formerly listed on the Nasdaq
Category:Software companies based in the San Francisco Bay Area
Category:Collaborative software
Category:2011 initial public offerings