LogMeIn Announces Deal to Acquire Jive Communications
Today, we’re pleased to announce that LogMeIn has agreed to acquire Jive Communications, a rising star in cloud-based Unified Communications. The deal is a key milestone in realizing a vision shared by both companies, and we believe it will prove to be a defining moment for the Unified Communications and Collaboration (“UCC”) space as a whole. Simply put, the ways in which today’s modern workers communicate and collaborate to advance ideas, close business and get work done is changing before our eyes. And we’re taking the steps to not only serve these ever-changing needs, but to give our customers a trusted full-service UCC partner – one with a complete state-of-the-art portfolio, a market-leading R&D team, and the unparalleled experience and insight needed to unlock the full potential of your business.
Today, LogMeIn supports over two million customers with an award-wining portfolio that includes products like GoToMeeting, GoToWebinar, GoToTraining, OpenVoice and join.me. A world-class team of more than 1000 customer-focused employees powers the high-scale service and innovation of our Communications & Collaboration business unit with over 25 million users, seven million meetings, and over 900 million conferencing minutes each and every month.
Meanwhile, Jive has rapidly built an avid customer base through a combination of innovative technology, an elegant and intuitive user experience, a simple, scalable delivery model and an industry-best net promoter score (NPS). Serving nearly 20,000 customers and working with household brands, including MyFitnessPal, Liberty Tax Service, Massage Envy Spa, and Hickory Farms, Jive offers a UC portfolio that includes voice, video, contact center and mobile applications from a full cloud-based PBX phone system to high-quality video calling to advanced contact center controls and monitoring.
Put these together and you have what we believe will be the most modern, scalable and innovative UCC portfolio on the market today – a portfolio designed specifically to serve even more of our customers’ most pressing needs and one capable of delivering significantly more value to our combined customer bases.
Please note we expect the proposed transaction, which is subject to regulatory approvals and other customary closing conditions, to officially close in Q2 of this year, and until it closes, LogMeIn and Jive remain entirely separate entities and separate businesses.
Once it does close, we’ll be following up with additional information and more details about our combined plans. In the meantime, you can learn more about the announcement by reading our press release here.
This is an exciting time for LogMeIn and our Communications & Collaboration business unit as we continue to push the boundaries and innovate. We have an enviable position in this space and with the addition of Jive, we can and will change the future of the modern workforce.
GM, Communications & Collaboration at LogMeIn