Lithium Technologies, the market leader in online community and social media management products, announced that it had closed the acquisition of the Jive-x external community business from Jive Software, an Aurea company. Originally announced on August 29, 2017, the transaction was completed on October 3, 2017. The terms of the transaction were not disclosed.
“I’m really excited to be bringing the Jive-x product and customers into the Lithium family,” said Rob Tarkoff, Lithium president and CEO. “Our focus as a company in the coming weeks will be to build a product plan with the input of key Jive-x customers that takes the industry to the next level. In addition, we will be delivering best practices, expertise and enterprise class customer support that Lithium is known for to all Jive-x customers.”
Over the past two decades, Lithium and Jive-x have helped brands stay at the forefront of digital transformation, building sophisticated online communities for some of the world’s biggest brands that have led to marked revenue increases, significant cost reductions, and innovation across the business. Looking forward, Lithium will be developing a new next-generation community product with all the best features of Jive-x and Lithium brought together, built on the Lithium platform and focused on maintaining a high bar for innovation and expertise.