Thursday, December 11, 2014

Huddle Raises $51 Million for Workplace Collaboration Software - Venture Capital Dispatch - WSJ

"Enterprise collaboration ... one of the hot new categories in enterprise software" -- interesting times

"“This is a big round and is going to make people sit up and take notice,” said co-founder and Chief Executive Alastair Mitchell. “Enterprise collaboration has been bubbling up for a few years…but it’s one of the hot new categories in enterprise software.”

During the PC era, enterprise collaboration players included Lotus Notes, and since the Internet became popular there was Yammer (now part of Microsoft Corp., Jive Software Inc., whose shares have dropped to near $6, less than half their 2011 IPO price, and Box Inc., which postponed its IPO earlier this year.

Huddle will succeed where others have faltered, Mr. Mitchell contends, because of the software’s ability to use the cloud for collaboration without getting sidetracked by features like file sharing or social networking, which he called “dead ends.”"
Huddle Raises $51 Million for Workplace Collaboration Software - Venture Capital Dispatch - WSJ
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