Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead Congresswoman Carloyn Maloney advocacy and community relations in New York. She graduated from Columbia University in 2003, where it was ... ? Read More
Social Enterprise giant Jive has just filed its S-1 and increase as much as $ 100 million in hosting.
Modeled to offer Facebook such opportunities to enterprises, Jive Software combines computing with social interactions offer full-fledged social networking for business. Suite Help business collaborate on various tasks, including discussions, communication, exchange of documents, blogs, polls, and social networking features and more.
Some of the key information in respect to revenue. For the period ended December 31, 2008, 2009 and 2010, and for the six months ended June 30, 2011, Jive, raising $ 16.9 million income million, $ 46.3 million and 34.0 million, respectively.
The company actually took the loss in 2008, 2009, 2010 and a six-month period ending in June 2011. Loss appears to actually increase — the company lost $ 27.6 million in 2010, and $30,6 million this year. The company says that it continues to invest revenues back into infrastructure, development and sales and marketing and expects that operating expenses increased significantly.
Jive also said that he was switching their clients DATA from third-party service provider for the blend Fund managed by Jive's own network operations, which will require significant capital.
From June 30, 2011, Jive has 635 corporate clients, including Hewlett-Packard Company, SAP AG, T-Mobile and UBS AG, with more than 15 million users. Currently, the company had 358 staff on June 30, 2011 year.
Jive, said that he plans to use proceeds from the offering to repay outstanding loans (20 million United States dollars) and for general corporate purposes, including working capital and potential acquisitions.
From the point of view of the Jive raised total investment 57 million dollars and the company's largest investor Sequoia Capital owns more than a third of Jive (36 per cent). Kleiner Perkins owns 14.24% Jive.
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