Jive Software Receives $15 Million from Sequoia Capital

Aug 21, 2007

Jive Software has received $15 million in funding from Sequoia Capital. Jive Software will use the funds for product development and to broaden sales and marketing efforts for its flagship products, Clearspace and Clearspace X. Jive Software reported a 95 percent increase in quarter-over-quarter sales in the second quarter of 2007. Current Clearspace customers, many of which are Fortune 500 companies, include Nokia, Deloitte & Touche, Delta Airlines and Turner Networks.

(www.sequoiacap.com, www.jivesoftware.com)