jive software

Jive Raises $12 Million For Social Enterprise Software

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Jive, the maker of a all-in-one social enterprise software, has raised $12 million in Series B funding from Sequoia Capital. Jive previously raised $15 million in Series A funding from Sequoia in August of 2007.

Modeled to offer Facebook-like features to enterprises, Jive combines computing with social collaboration. Its suite of applications help businesses collaborate on a variety of tasks, including holding discussions, sharing documents, blogging, running polls, and social networking features and more. Jive says it will will use the funding for product development, to “expand its partner ecosystem,” and grow its sales and customer support teams. The company, which is profitable, recently launched integration with Microsoft SharePoint, letting Jive users easily access data and content from the CMS into Jive’s software.

Last year, the startup released new versions of its Clearspace software in April and acquired Jotlet. This year, the software company integrated Jive’s software into a complete package and also recently incoroprated social media monitoring into its platform. Jive’s competitors include NewsGator and Socialtext.

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