Monday, February 16, 2009

BizJournals: Jive Software reports 70 percent increase in revenue

"Jive Software Inc. reported Monday that it closed 2008 with revenue that grew 70 percent over 2007.

The company did not report actual revenue. But CEO Dave Hersh has said in previous interviews that he expected 2007 revenue of $15 million. If achieved, that would put Jive at $25.5 million.

Jive also said it added more than 200 customers during 2008.

Portland-based Jive creates social-networking tools that companies can use to communicate both with their customers and to communicate internally.

Many companies use Jive’s tools to provide customers a way to discuss products and help each other with technical issues. That cuts down customer-support calls and saves companies money.

Jive is one of Portland’s highest-profile venture-backed companies. It raised $15 million in mid-2007 from Sequoia Capital, its first outside funding since the company was founded in 2001.

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