# Jive Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jive-software

- Industry: Software
- Headquarters: Campbell, US
- Website: www.jivesoftware.com
- Total disclosed funding: $57M
- Latest round: Series C (Jul 21, 2010)
- Investors on record: 2

## About

Jive Software, Inc. is a provider of an employee engagement platform, enhancing productivity and collaboration within organizations through advanced document management and AI-driven features, fostering a connected workforce.Founded in 2001, Jive Software, Inc. specializes in employee engagement solutions. Initially launched in Campbell, California, the company was acquired by Wave Systems Corp. in 2017 for USD 462 mn after being publicly listed on NASDAQ in 2011, where it raised USD 161.28 mn in its IPO. CEO Scott Brighton leads the company, which has executed a total of 9 deals, with the most recent funding round occurring on December 13, 2011, during its IPO.Jive Software offers a comprehensive employee engagement platform designed to enhance productivity, collaboration, and knowledge management within organizations. The core product, Jive, serves as a modern document management system and a people-centric collaboration hub, integrating advanced features such as enhanced search capabilities and AI-driven text generation through Jive CoPilot, which utilizes ChatGPT technology. This platform addresses various pain points in enterprise communication by unifying disparate resources and allowing seamless interactions among employees, promoting a collaborative culture through top-down, bottom-up, and peer-to-peer communications. Jive's innovative PeopleGraph™ technology personalizes user experiences by understanding search intent and suggesting relevant content and collaborators, ultimately driving employee satisfaction and efficiency. The platform caters to a diverse clientele across multiple sectors, including corporate communication, healthcare, financial services, and government, serving customers globally with a strong presence in North America and Europe.In 2016, Jive Software reported revenue of USD 204.09 mn and an EBITDA of USD -1.09 mn, primarily generated through subscription-based models for its employee engagement platform. Clients enter into agreements to access Jive's suite of tools and features, enhancing internal communication and collaboration within organizations. Flagship offerings such as Jive CoPilot and PeopleGraph™ provide significant value by facilitating knowledge sharing and improving employee engagement.Jive Software is focused on ongoing development in its employee engagement platform, with potential new product features aimed at enhancing user experience and collaboration. Following its acquisition by Wave Systems Corp. in May 2017, plans for geographic expansion into new markets are anticipated, although specifics on regions and timelines are not disclosed. The recent acquisition funding of USD 462 mn will be strategically utilized to support these growth initiatives.

## Funding rounds

- Series C, Jul 21, 2010, $30M — Kleiner Perkins, Hong Shan
- Series B, Oct 20, 2009, $12M — Hong Shan
- Series A, Aug 29, 2007, $15M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series C
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C