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By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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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

By: Web 2.0 News Desk
Aug. 27, 2007 01:15 PM

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.

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.

Published Aug. 27, 2007— Reads 8,116 — Feedback 1
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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About Web 2.0 News Desk
The Web 2.0 Journal News Desk keeps you up to speed with all that's happening in the world of the read/write Web and all its mushrooming new facets - from tagging, wikis, mash-ups, and image-sharing to "Advertising 2.0," podcasting, and The Writeable Web.

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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. Jive's choice of backer for its first round supposedly puts it on the IPO track.


Your Feedback
Jive News Desk wrote: 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. Jive's choice of backer for its first round supposedly puts it on the IPO track.
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