Monday, January 11, 2010

Jive Claims Revenue Growth

Portland-based Jive Software, a developer of social networking software for businesses, said Monday that it had an increase in revenues of 85 percent over 2008. The firm--which did not disclose its financials--said it was cash flow positive for the year, the "most successful year" ever in its history. The news comes shortly after a $12M, Series B funding round in October from Sequoia Capital.