Today at Gartner Symposium the Magic Quadrant for Social Software in the Workplace was unveiled, and I feel privileged to share that Jive Software was positioned in the Leaders quadrant. In today's business world the Gartner Magic Quadrant is arguably the most recognized and respected qualitative assessment of a market and its participants. This recognition is particularly meaningful because of the diligence with which Gartner selects leaders by focusing on maturity of offerings, and the vision necessary to continue to lead a market. The process is exhaustingly thorough and involves hundreds of customer conversations, which is why companies across the world rely on Gartner's guidance for selecting vendors. It is without a doubt a privilege and an honor to be recognized in this way.
I'd like to take this opportunity to do three things. The first is to express sincere appreciation to the hundreds of companies who had the vision and foresight to recognize the potential for what Jive Social Business Software could mean to their companies. Enterprises like Kaiser Permanente, United Business Media, Yum!, and Manheim invested in Jive early on and have played an integral part in shaping the direction of our products. They are helping us realize a vision of transforming the way customers, partners, and employees connect with each other to achieve unprecedented results for their businesses.
The second is to pause and reflect on what an amazing moment in time this is for Jive as a company. In what was one of the worst economies in recent history we just wrapped up our 4th consecutive quarter of record revenues with 100% year over year growth in Q3. We closed a second round of investment from Sequoia Capital who has an unmatched track record of identifying successful technology companies that transform the way we live and work. We are approaching our inaugural users' conference, JiveWorld, that in a year of the non-conference and the un-conference, sold out far in advance and has an incredible line-up of customers speaking about their success. And, we are releasing Jive SBS 4.0 which is easily the largest, most impactful release in our company's history.
And lastly, I would like to reaffirm our commitment to our customers. Being recognized as a leader is an honor, but I know I speak for every Jiver when I say that it just increases the belief, determination, and commitment we bring to work every day. Thank you for helping us grow to this stage and allowing us to do what we love. See you next week at JiveWorld!
(UPDATE: You can now get a complimentary copy of the MQ Report on our Analyst Coverage page)