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.

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.