Palo Alto, Calif. – July 21, 2010 – Jive Software, the social business software leader, announced today that is has closed $30 million in Series C financing. The investment was led by Kleiner Perkins Caufield & Byers (KPCB), with continued participation from Sequoia Capital, the only venture investor in Jive up until now.

The capital will be used to accelerate Jive’s technology innovation and further drive the company’s leadership in the social business market. Ted Schlein, Managing Partner at KPCB, will join Jive’s Board of Directors.

“Social Business is the most important enterprise software category in a decade,” said Ted Schlein. “Jive is the clear market leader, with a strong customer base, best-in-class technology and a deep management team. Jive is poised to become the next great enterprise software company.”

“Ted has a demonstrated track record of building market leading companies, both as a former senior executive at Symantec and investor at KPCB,” said Jim Goetz, General Partner, Sequoia Capital. “We are thrilled to have Ted join the Jive team.”

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

Jive helps companies like Charles Schwab, Intel, Nike, and VMware adopt social business to create breakthroughs in competitive advantage, profitability and growth. Jive SBS combines the power of community software, collaboration software, social networking software, and social media monitoring offerings into an integrated social platform. The SBS market is projected to grow in excess of 25 percent per year and will reach nearly $5 billion by 2013.