LogMeIn announced that it has completed its acquisition of Jive Communications, a leading provider of cloud-based phone systems and Unified Communications (UC) services and one of the fastest growing players in the Unified Communications-as-a-Service (UCaaS) space.
The acquisition, first announced in February, accelerates LogMeIn’s overall Unified Communications and Collaboration (UCC) strategy and bolsters LogMeIn’s popular collaboration portfolio, bringing together LogMeIn’s market-leading offerings like GoToMeeting, GoToWebinar, and join.me with Jive’s innovative and award-winning UC products.
“LogMeIn and Jive share a common philosophy. We both build frictionless user experiences and easy-to-deploy cloud-based solutions designed to scale simply and securely,” said Bill Wagner, President and CEO of LogMeIn. “As part of the LogMeIn family, Jive gains significant scale and resources to help accelerate innovation, introduce complementary best-in-class offerings, and expand their footprint into new markets. It’s this combination that has us so excited about our future together – a shared opportunity to shape the ways modern workers communicate and collaborate to advance ideas, close business, and get work done.”
Financial Impact
LogMeIn will provide updated second quarter and full year 2018 guidance, including the contribution from Jive Communications, on its first quarter earnings call. Details for that call will be forthcoming.
LogMeIn’s Communications and Collaboration Portfolio
A recognized market leader in Communications and Collaboration, LogMeIn has a broad portfolio of products that create simpler, more intelligent ways for people to meet, connect, market, sell and train, to deepen relationships and drive better outcomes. These include award-winning products such as join.me, GoToMeeting, GoToWebinar, GoToTraining, Grasshopper, OpenVoice, and Jive. LogMeIn’s combined communication and collaboration products support over 25 million users, with over 900 million conferencing minutes a month contributing to over 7 million meetings per month, and 12 billion voice minutes per year.