Social Business Company Jive Files For A $100 Million IPO

Posted Aug 26, 2011

Jive Software has filed an S-1 with the SEC indicating that they plan to go public to raise $100 million in the offering. Jive Software provides a Facebook-like social network for enterprises for social collaboration purposes within a company. Features of their software include blogging, discussions, polls, etc.

Jive Software’s revenues for the past few years are as follows:
2008: $16.9 million
2009: $30 million
2010: $46.3 million
First 6 months of 2011: $34 million

However the company has been reporting losses between 2008-present. The losses have been increasing too. The company lost $27.6 million in 2010 and $30.6 million this year. The company said that they are putting revenue back into their own infrastructure and marketing.

Jive is in the process of transferring their customer data centers from a third party to a co-located facility managed by Jive’s own operations team. Jive has about 635 enterprise customers, which includes T-Mobile, SAP, HP, and UBS. The company has about 358 employees as of right now.

Jive plans on using the money raised from the IPO to pay outstanding loans of $20 million and for potential acquisitions.

Jive has raised a total of $57 million from Sequoia, Kleiner Perkins, and a few other investors. Sequoia owns over a third of Jive’s equity. Kleiner Perkins owns about 14.24%.