Story image

LogMeIn takes aim at UCC market with $342 million acquisition

09 Feb 18

LogMeIn has announced that it has entered into a definitive agreement to acquire Jive Communications, a provider of cloud-based phone systems and unified communications services.

LogMeIn says the deal is set to accelerate their overall Unified Communications and Collaboration (UCC) strategy and bolster their collaboration portfolio by combining LogMeIn’s current offerings -  including GoToMeeting, GoToWebinar, OpenVoice, and join.me - with Jive’s portfolio of UC products.

Under the terms of the merger agreement, LogMeIn is expected to pay USD$342 million in cash upon close for all outstanding equity interests in Jive, as well as an additional USD$15 million in cash contingency payments.

The deal is expected to close during the second quarter of 2018, subject to certain regulatory approvals and customary closing conditions. 

LogMeIn president and CEO Bill Wagner says his company is particularly excited about what Jive brings to the table in terms of its capacity as a Unified-Communications-as-a-Service (UCaaS) provider.

“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,” Wagner says.

“We believe the combination of Jive’s award-winning voice, video, contact centre 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.

“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.”

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

LogMeIn says Jive has a growth rate exceeding its peers in the UCaaS market, and an industry best net promoter score (NPS).

Jive  CEO John Pope says his company is excited to now be working with LogMeIn.

“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,” he says.

“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.”

Following the close of the transaction, Pope is expected to continue to run the Jive Communications business, reporting directly to Wagner.

Hillstone CTO's 2019 security predictions
Hillstone Networks CTO Tim Liu shares what key developments could be expected in the areas of security compliance, cloud, security, AI and IoT.
Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Oracle Java Card update boosts security for IoT devices
"Java Card 3.1 is very significant to the Internet of Things, bringing interoperability, security and flexibility to a fast-growing market currently lacking high-security and flexible edge security solutions."
How SMBs can use data to drive business outcomes
With the right technology, companies can capture consumer, sales, and expense data, and use it to evaluate and construct future plans.
Survey shows that IoT is RoI across Asia Pacific
A recent Frost & Sullivan survey across Australia, Hong Kong and Singapore shows that IoT deployment improves business metrics by around 12%.
IDC: Aussie spending on IT Services to hit $23.5B by 2023
the project-oriented market which is predicted to achieve the highest CAGR through to 2023; though no market is expected to decline
Sophos hires ex-McAfee SVP Gavin Struther
After 16 years as the APAC senior vice president and president for McAfee, Struthers is now heading the APJ arm of Sophos.
Security platform provider Deep Instinct expands local presence
The company has made two A/NZ specific leadership hires and formed several partnerships with organisations in the region.