Inside the Briefcase
Jive Software Adds Proven Software Veteran as President of Worldwide Field Operations
August 9, 2012 No CommentsSOURCE: Jive Software
PALO ALTO, Calif., Aug. 7, 2012 (GLOBE NEWSWIRE) — Jive Software, Inc. (Nasdaq:JIVE), today announced that Jay Larson has joined the company in the newly created role of President of Worldwide Field Operations, effective August 13, 2012. Mr. Larson will report directly to Jive’s CEO, Tony Zingale, and be responsible for all customer facing functions on a global basis including sales, pre-sales, strategic channel alliances, sales operations and professional services. John McCraken, Senior Vice President of Worldwide Sales for Jive, and Robert Brown, Senior Vice President of Client Services for Jive, will continue in their current roles and report to Jay Larson.
“Having personally worked with Jay in the past, there is no other executive that I would prefer to have join Jive as our President of Worldwide Field Operations as we look to scale from the $100+ million annual revenue run rate to our longer-term goal of becoming the first social business company to reach $1 billion in revenue,” stated Tony Zingale, Chairman and CEO of Jive. “Over the last decade plus, Jay has run worldwide field operations for two of the most successful companies in the SaaS and software sectors, SuccessFactors and Mercury Interactive. He has a proven track record of driving rapid growth, effectively managing over $1 billion in operations and helping to expand leadership positions on a global scale. Simply put, Jay is uniquely qualified to take Jive’s field operations to the next level.”
Mr. Larson is a seasoned technology industry executive with more than 25 years of experience in the software industry. He most recently served as the Vice President of Worldwide Field Operations for SuccessFactors, following his role as Vice President of Global Enterprise Sales. During his tenure, SuccessFactors’ revenue grew rapidly from approximately $100 million to over $350 million leading up to its acquisition by SAP. Prior to SuccessFactors, Jay was a senior executive with Mercury Interactive from 2000 to 2006. He initially ran the Americas sales team and was later promoted to Senior Vice President of Worldwide Field Operations, where he was responsible for all revenue generating functions. During this tenure, Mercury Interactive’s sales organization grew to more than 1,100 professionals and revenue grew from approximately $300 million to over $1 billion prior to the company being acquired by HP.
Jay’s previous experience includes sales leadership roles at Oracle Corporation, Network Associates and Siebel Systems. He holds a B.A. degree from Harvard University and an M.B.A. degree from the University of California, Los Angeles.
Mr. Larson stated, “I am very excited to join Jive and contribute to their success in delivering the industry’s most robust and comprehensive social business platform, which is transforming the way that companies get work done. The company has established a clear market leadership position that is widely recognized by customers and industry analysts, and they have assembled a proven management team. I look forward to leveraging my experience running global field operations with other high growth software companies to help Jive scale on a global basis in the years to come.”
About Jive Software
Jive Software (Nasdaq:JIVE) is a leading global Social Business company. We bring social technology innovations from the consumer world into enterprises securely and at scale, changing the way work gets done. Our platform combines the power of big data, enterprise integrations and social collaboration technologies. Millions of people at the world’s largest companies are using Jive-powered communities internally and externally to transform their businesses.
Safe Harbor Statement
“Safe Harbor” statement under Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements, including statements concerning the future growth of the social business software market, our position to execute on our growth strategy, and our ability to capitalize on our leadership position in the social business market. The achievement of success in the matters covered by such forward-looking statements involves substantial risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results or events could differ materially from the results expressed or implied by the forward-looking statements we make.
The risk and uncertainties referred to above include, but are not limited to, risks associated with our limited operating history; expectations regarding the widespread adoption of social business software by enterprises; uncertainty regarding the market for social business software; changes in the competitive dynamics of our market; our ability to increase and predict new subscription, subscription renewal or upsell rates and the impact these rates may have on our future revenues; our reliance on third-party service providers to host some of our products; the risk that our security measures could be breached and unauthorized access to customer data could be obtained; potential third party intellectual property infringement claims; and the price volatility of our common stock.
More information about potential factors that could affect our business and financial results is contained in our prospectus as filed with the Securities and Exchange Commission. Additional information will also be set forth in our quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings that we make with the Securities and Exchange Commission. We do not intend and undertake no duty to release publicly any updates or revisions to any forward-looking statements contained herein.
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