Jive Posts Record Revenue
Portland, OR-based Jive Software, a maker of social business software, posted an 85 percent increase in full-year revenue in 2009 as compared with the previous year, according to a blog post today from CEO Dave Hersh. That made 2009 “the most successful year in Jive’s history,” and the company was cash-flow positive for the year, he writes. Its customers include Booz Allen Hamilton, EMC, Kaiser Permanente, and Qualcomm. Back in October, Jive announced a $12 million Series B financing from Sequoia Capital.