Jive Raises $15 Million First Round From Sequoia Capital

Given the swarming of open source software applications among many Web 2.0 companies such as Facebook, YouTube, Amazon APIs, etc., it comes to no surprise that Jive Software, a company that is a leader in Open Source collaboration has just raised a substantial amount of funding. The amount is $15 million in first round and the investor is Sequoia Capital.

According to alarm:clock, there are speculations that Jive generated roughly $15 million this year in revenues, an amount that is more than double of the previous year’s. The price of Jive Forums for external communities per server per year ranges from $1,950 – $14,950 depending on how many users are to be supported. The price of Jive’s Clearspace X product per server per year ranges from $4,950 – $29,950 for external communities depending on how many users are to be supported.

Some of Jive’s clients include Sun Microsystems, IBM, Frito Lay, and Price Waterhouse Coopers. Jive also announced that they will be hosting a Developer Community Plugin Content with a $5,000 prize.

References:
[1] alarm:clock: Sequoia Hands Jive $15M After Its Revs Pass $15M

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