....LogMeIn, the company that offers conferencing services like GoToMeeting and join.me as well as authentication and other online services to businesses and others, announced that it would acquire Jive Communications for $342 million in cash plus up to $15 million based on reaching specific milestones in the next two years....
This is a strong exit for Jive Communications, a Utah-based startup that had raised only around $31 million since it was founded in 2006.
The deal will add a suite of unified communications services that will complement and expand on LogMeIn’s existing collaboration products. Jive has 20,000 customers globally, LogMeIn said.
Its primary focus is on VoIP for enterprises, and specifically hosted VoIP: while many people seem to be making a major switch away from fixed line services to mobile in the consumer and smaller business world, in the enterprise market the big shift has been from legacy phone services to VoIP — both for person-to-person and group calls — and so players like Jive are making a lot of inroads as a result of that.
https://techcrunch.com/2018/02/08/logmein-is-buying-jive-communications-for-up-to-357m-to-step-up-in-enterprise-unified-comms/
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