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Jive Software CEO Tony Zingale on how the company’s software changes how companies and employees interact and get their work done.
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The way people socialize but jive software is attending to change the way business is socialized.
Joining us now as CEO and chairman of jive software Tony easing valley Tony -- are taking the time to be with us.
You -- is that a pretty good decent quarter considering when you went public.
You -- to -- an admitted you know what we're no longer profitable how do you have been.
It's been great ever since through a public -- the on December 13 of last year we've announced to.
Beating estimates quarters and Q4 last year and Q1 this year and raising estimates.
Both times -- really pleased with our business performance in the mouth of -- opportunity to change the way work gets done.
You know Watson interview that you did back when you went public in one of the things you said was you wanted to get the name -- -- going public would help get jive software out there.
Hasn't done that.
It certainly house I mean there's amounts of opportunity.
To change the way work gets done as we've discussed before tired of all that.
The emails in the meetings they go to and as FaceBook has changed the way we live in the paradigm of social.
Bringing that to the workplace has been a huge opportunity for us so.
We wanted to get our name out there we compete with some.
Larger entities that have been in the enterprise for some time -- important not only to get our stamp on what we do.
But also get the stamp on jive software as the leader in the space and the ones leading the charge to changes inside the way work gets done.
I guess he gives it little street cred right let's tell let's explain to people about what exactly it is -- it could be.
A public cloud or private cloud you have your own personal cloud at your business can't you.
-- right I mean if it starts with the paradigm of an activity stream and collaborating in groups and and and and interacting with your your work -- And and and the people that did you work quit.
And you can't delivered either on the public -- of the private club which is one of the strength of jive in regulated industries like financial services like yours.
On the ability to maintain the information and a private fashion is really really important keeping it secure keeping it in fact uncool up.
Is really really important so the flexibility and -- model has been a tremendous strength of the company's business models.
Tony let me ask you and I have to -- only because of Facebook's recent well many calling a blunder.
-- you more specific about how are you at the time did not have profits.
-- comes out and says our revenues are -- decelerating.
Yet.
You -- you -- pull off this IPO without a hitch and we think happened you think FaceBook should have waited to come to public.
Well yeah it it's not clear I mean -- it's a set of decisions based on what your objectives are you know in our case it was all about growth.
An opportunity we talked about a 26 billion dollar market opportunity for jive software.
Changing the way employees in Iraq with one another and getting their jobs done and a different way let's face it works -- today yes there's got to be a better way to do it and and FaceBook prove that out.
Now you gotta balance growth revenue growth with profitability and that's what we've done.
And our investors to -- -- due out on been culpable of without model has been fashioned by other enterprise software companies that.
-- of growth for profitability and the philosophy of profitability over time which we articulate -- really well.
In Facebook's case I think.
Well today how a billion users they've trained a billion people on how to interact in the -- wives completely differently so.
You know build that -- growth than their model is something that they should be no crowd out and the -- they cost.
It's it's it'll be interesting to see that they put up -- -- two year and a very competitive space with IBM Microsoft and sales force but your hang in and they are tightening Dahlia jive software thanks so much for take that -- be with us act.
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