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Fast-growing Jive Software, which provides social networking tools that companies use to communicate internally and to build online communities for their customers, has raised $30 million in a funding round from Sequoia Capital and Kleiner Perkins. CEO Tony Zingale says it’s the biggest joint investment for those two venture capital firms since they put $25 million into a company called Google (NSDQ: GOOG) 11 years ago.
Zingale says his Portland, Or.-based company is growing very rapidly, despite new competition in the space from companies like Salesforce.com, which launched an enterprise social networking service called Chatter last month.
Jive itself has been steadily adding new services; in January, it purchased social media analytics provider Filterbox and has integrated that company’s technology, so customers can track what people are saying about them on the web. It has also added an apps market, which makes it easy for IT departments to build and deploy lightweight apps, like an “M&A War Room,” that their employees can then access.
The company now has about 3,000 enterprise customers — and says about 15 million people use its tools. Zingale wouldn’t provide an update on the company’s revenues — which were $30 million in 2009 — but he said the company was surpassing its projections and is hoping to file for an initial public offering by the end of next year.
The new funding brings Jive’s total backing to $57 million. Its only previous backer was Sequoia Capital.