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February 8, 2018 | By

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.

Best,

Chris Battles
GM, Communications & Collaboration at LogMeIn

 

Forward-looking Statements
This communication contains “forward-looking statements” concerning LogMeIn, Inc. (“LMI”) and Jive Communications (“Jive”), the proposed transactions and other matters. All statements other than statements of historical fact contained in this report are forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the United States 5 Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward looking. These forward-looking statements are based on the current expectations, beliefs and assumptions of the management of LMI and Jive concerning future developments and business conditions. There can be no assurance that future developments affecting the parties will be those that the parties anticipate. Among the risks and uncertainties that could cause actual results to differ from those described in the forward looking statements are the following: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2) the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated, (3) risks that any of the closing conditions to the proposed merger may not be satisfied in a timely manner, (4) the length of time necessary to consummate the proposed transactions, or (5) adverse trends in economic conditions generally or in the industries in which the LMI and Jive operate.  Discussions of additional risks and uncertainties are contained in LMI’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Neither LMI, nor Jive is under any obligation, and each expressly disclaim any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.

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