Jive Communications
Latest round
- Series A
Last raised
- Mar 2014
Total raised
- $20M
Investors
- 1
About Jive Communications
Jive Communications, Inc.Founded in 2006 in Orem, US, Jive Communications focuses on cloud communication services. The company was acquired by LogMeIn, Inc. in February 2018 for USD 342 mn, with a subsequent USD 15 mn milestone payment expected within two years.GoTo Connect is a comprehensive, cloud-based communication solution designed to integrate business phone systems, video conferencing, digital messaging, and advanced reporting into a single platform. The core offerings include an all-in-one business phone system that operates without the need for specialized hardware, allowing users to manage calls, video meetings, and messaging from their computers or mobile devices. GoTo Connect's AI Receptionist serves as a 24/7 automated assistant, enhancing customer service by answering calls and streamlining tasks. This communication suite is targeted toward various sectors, including healthcare, education, retail, and government, aiming to empower users to connect effectively regardless of location.GoTo Connect operates primarily on a subscription-based revenue model, providing clients with access to its suite of communication tools through various pricing plans tailored for small to mid-sized businesses. Transactions are structured as monthly or annual subscriptions, where clients pay for access to features such as unlimited call routing, dial plans, and video conferencing capabilities. Clients typically range from small businesses to larger enterprises, utilizing GoTo Connect's services to enhance their communication infrastructure. The pricing plans include options for various tiers designed to meet diverse business needs, ensuring that organizations can adopt the technology at a cost-effective rate.Jive Communications plans to leverage its recent acquisition by LogMeIn, Inc. to expand its product offerings, including the development of new features for GoTo Connect aimed at enhancing user experience. The resources obtained from the acquisition will also be allocated towards improving technological infrastructure and expanding the customer support team.
Who invested in Jive Communications
1 investor across 1 round
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Funding rounds
Series A
Mar 31, 2014
Amount
$20M
Investors
Questions about Jive Communications
Who invested in Jive Communications?
Jive Communications has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Jive Communications raised?
Jive Communications has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Jive Communications last raise money?
Jive Communications's most recent round on record is a Series A, in Mar 2014.
What does Jive Communications do?
Jive Communications is a telecoms company.
Where is Jive Communications headquartered?
Jive Communications is headquartered in Orem, US.
Which VCs invest in companies like Jive Communications?
Among active investors with capital left to deploy, Founders Fund, Accel, Thrive Capital and Kleiner Perkins back telecoms companies at Jive Communications's stage. Their profiles are linked below.
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