Northwest Innovation News has a press release out announcing Jive Software’s $12MM Series B follow-on round from Sequoia. From the release:

Portland-based Jive, a developer of social networking software for businesses, said this morning that it has raised $12M in a Series B round of funding. The round came from Sequoia Capital, the firm’s original backer. According to Jive, the new funding will go towards increasing its product footprint and for product development, as well as for sales and customer support. In a statement, the firm said the firm is profitable, and just saw its fourth straight quarter of record revenue growth. The new funding brings the company’s total raised to around $27.0M.

I like to see Northwest companies do well; and Jive has been on my radar for a while as being an example of a firm that focuses, pays attention to the customer, and executes well.

Congratulations on the extra cash – I’m expecting additional big news from Jive in the future.