Jive Software Closes $30m in Series C Financing

Jive Software, a Palo Alto, CA-based provider of Social Business Software, has closed $30m in Series C financing.
The investment was led by Kleiner Perkins Caufield and Byers (KPCB), with participation from existing venture partner Sequoia Capital.
The capital will be used to accelerate Jive’s technology innovation. 
In conjunction with the funding, Ted Schlein, Managing Partner at KPCB, will join the company’s Board of Directors.
Within the framework of an integrated social platform, Jive provides organizations with the tools – community, collaboration, social networking and social media monitoring software – to implement an enterprise-wide strategy that simultaneously engages employees, customers and the social web.
Customers include, among others, Charles Schwab, Intel, Nike, and VMware.

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