Social Media Firm Jive Closes $30m Funding

In the US, software firm Jive - which owns social media monitoring specialist Filtrbox - has closed a $30m Series C financing initiative, which will be used to accelerate the development of its technology and drive its position in the social media sector.

Jive acquired Filtrbox in January, and has since integrated the firm's real-time web conversation filter technologies into its Social Business Software (SBS) platform, to help clients develop products and engage with customers and brand influencers.

This latest round of funding has been led by Kleiner Perkins Caufield & Byers (KPCB), with continued participation from Sequoia Capital.

As part of the deal, KPCB Partner Ted Schlein will join Jive's Board of Directors.

'We are honored to welcome KPCB to Jive, and to receive Sequoia's unwavering commitment,' says Jive CEO Tony Zingale. 'KPCB and Sequoia are unparalleled at building great companies. We are privileged to have them both on our team.'

Web sites: www.jivesoftware.com and www.filtrbox.com .