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On Monday evening, popular technology blog TechCrunch broke the news that Portland based Jive Software had raised another $12m in venture funding from Sequoia Capital. This is in addition to the $15m they raised 2 years ago, also from Sequoia.
From TechCrunch:
Modeled to offer Facebook-like features to enterprises, Jive combines computing with social collaboration. Its suite of applications help businesses collaborate on a variety of tasks, including holding discussions, sharing documents, blogging, running polls, and social networking features and more. Jive says it will will use the funding for product development, to “expand its partner ecosystem,” and grow its sales and customer support teams. The company, which is profitable, recently launched integration with Microsoft SharePoint, letting Jive users easily access data and content from the CMS into Jive’s software.
Read the full story at TechCrunch.com or find local coverage (with details on how they plan to spend the money) from SiliconFlorist.com.
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