Jive Software March 30 picked executives from Google, Facebook, McAfee and Informatica to serve on its board of directors as the company positions itself for an IPO.
In the bubbling niche of enterprise social software, the
idea that Jive Software will go public soon is as poorly a kept secret as the
same rumors about Facebook and LinkedIn.
LinkedIn has filed for an IPO. Facebook said it could go
public in 2012.
, the still-independent market leader in social business software
that helps colleagues communicate and collaborate more effectively, took
another step in its long path to becoming public by adding four board members
from Google, Facebook, McAfee and Informatica.
Joining the Jive board are Sundar Pichai, vice president
of product management at Google; Jonathan Heiliger, vice president of Technical
Operations at Facebook; McAfee President David DeWalt; and Charles Robel, who
sits on the board at Informatica and AutoDesk.
Jive CEO Tony Zingale told eWEEK the new board members
will help Jive along its "next phase of growth." With more than 15
million users spread across more than 3,000 companies, and $30 million in
funding from Sequoia Capital and Kleiner Perkins last July, Jive has a sweet
recipe for going public.
Zingale naturally declined to comment on any such detail,
"We're very excited to bring their expertise and
perspective both in managing, leading and driving products in the companies
that they come from," Zingale said. "We're trying to stay
laser-focused on building the next great enterprise software company on the
back of social business software."
Jive competes with Microsoft SharePoint, IBM Lotus
Connections, Salesforce.com's Chatter and dozens of smaller companies, such as
Socialtext, Socialcast and Mindtouch, in the competitive but certainly
oversaturated market for real-time communication and document sharing tools.
In an era where Facebook and LinkedIn launched social
connections onto the Web, Jive and its rivals are capitalizing on helping
knowledge workers collaborate with colleagues, partners and suppliers.
Gartner Research said
the enterprise social software market will hit $769 million in 2011. The
market is growing 15 percent a year and should top $1 billion through 2012.
McAfee and Informatica use Jive's Social Business
Platform. Google and Facebook do not, though Zingale noted that Social Business
Platform has been available
in the Google Apps Marketplace for the last 6 months. The software is
available through Google's Chrome browser, which Pichai oversees, along with the
Google Chrome Operating System.
Zingale also said Jive is currently doing some work to
bring social capabilities from Social Business Platform to Google Docs and
Gmail. This work did not factor into to Google's recent improvement to comments
in Google Docs, which
like Jive software with profile pictures, ownership and editing
privileges and timestamps.
Jive's new board members will join Jive co-founder Bill
Lynch, Jim Goetz, general partner at Sequoia Capital; Ted Schlein, managing
partner at Kleiner Perkins; Bill Lanfri, private investor; and Zingale himself
in completing the nine-member board.
Dave Hersh, former board member and Jive CEO before
Zingale took over in February 2010, and outside consultant Christopher
Lochhead have stepped down from the board.