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Industry Buzz via Twitter Web 2.0 Company Jive Collects First Round
Sequoia Capital, which backed Apple, Google, Cisco, Yahoo and YouTube, has put $15 million in Jive Software
Aug. 27, 2007 01:15 PM
Jive's choice of backer for its first round supposedly puts it on the IPO track. The money is earmarked for Clearspace, a publishing system for blogs, wikis, forums, chat, tagging, files and reputation systems that has been sold to Delta, Nokia and Turner Broadcasting. Jive is expecting sales of $15 million this year and is looking to expand its staff. It's reportedly profitable.
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Sequoia Capital, which backed Apple, Google, Cisco, Yahoo and YouTube, has put $15 million in Jive Software, the part-time open source start-up developing collaboration software that competes with Microsoft's Sharepoint and its Tellme acquisition.
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