Jive Software Secures $12M in Series B Funding From Sequoia Capital

Jive, a provider of Social Business Software, raised $12m in a Series B round of funding led by Sequoia Capital.
Sequoia also funded Jive’s Series A round of funding in August 2007.
Jive will use the proceeds to develop its products, expand its partner ecosystem, grow its sales and customer support teams.
Commenting on the round, Dave Hersh, CEO of Jive Software, said: “Sequoia has been an ideal partner to guide us on a solid course to execute on our market opportunities and to provide us the resources to build for future growth”.
Founded in 2001, Jive is headquartered in Portland, Oregon with offices in Palo Alto, Ca. and Frankfurt, Germany.

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