LogMeIn in Discussions to Acquire Jive

acquisition

LogMeIn has announced it is in discussions with a view to purchase Jive Communications, a provider of cloud-based phone systems and Unified Communications service.

Upon closing, the deal will accelerate LogMeIn’s overall Unified Communications and Collaboration (UCC) strategy and bolster LogMeIn’s collaboration portfolio, bringing together LogMeIn’s offerings like GoToMeeting, GoToWebinar, OpenVoice, and join.me with Jive’s UC products. The deal is expected to close during the second quarter of 2018, subject to certain regulatory approvals and customary closing conditions.

With one of the world’s most widely recognised collaboration portfolios, LogMeIn is a leader in web conferencing and web events. The LogMeIn collaboration portfolio, alone, serves 25 million users, seven million meetings, and over 900 million conferencing minutes every month.

Headquartered in Orem, Utah, Jive Communications is a privately held, venture-backed company with offices in the U.S., Canada and Latin America and has over 20,000 customers worldwide.

“Jive’s success in UCaaS is a testament to its modern cloud-based platform, its deliberate focus on customer satisfaction, and its renowned culture of innovation. We believe the combination of Jive’s award-winning voice, video, contact center and mobile applications with our leading collaboration products, GoToMeeting and join.me, will give LogMeIn one of the best and most comprehensive UCC offerings in the market,” said Bill Wagner, President and CEO of LogMeIn. “The result is a deal that will accelerate our overall growth, set a new standard in the UCC market, and provide us with a foundation upon which we’ll build the next generation of LogMeIn’s UCC portfolio.”

“With market defining brands like GoToMeeting and GoToWebinar, LogMeIn is one of the most recognised and respected names in collaboration – a leader with the reach, scale and resources capable of fueling Jive’s next chapter of growth and customer-focused innovation. They are also a company that shares our vision and philosophy for giving millions of people a better, simpler, friction-free way to communicate and collaborate on their terms,” said John Pope, CEO of Jive Communications. “It’s a combination that immediately gives both parties the power to deliver significantly more value to our combined customer bases.”

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David Dungay

Editor - Comms Business Magazine