Jive files for $100 million IPO

August 25, 2011, 4:39 AM UTC

Jive Software, a Palo Alto, Calif.-based maker of social business collaboration software, today filed for a $100 million IPO.

Morgan Stanley and Goldman Sachs are serving as co-lead underwriters, while the company did not disclose the exchange on which it plans to trade. It reports a $30 million net loss for the first six months of 2011 on $33 million in revenue, compared to a $13 million net loss on $19 million in revenue for the year-earlier period. Jive has raised nearly $60 million in VC funding from Sequoia Capital (36.2 pre-IPO stake) and Kleiner Perkins Caufield & Byers (14.24%).

Last September I interviewed Kleiner Perkins partner Ted Schlein about Jive, including its IPO prospects. Read it here.