Third-Party Evidence Indicates Strong Global Demand and Customer Satisfaction; New Funding, Technology and Partnerships Fuel 800 Percent Enterprise Sales Growth and Aggressive Global Scaling
SAN FRANCISCO, CA and LONDON--(Marketwire - Sep 12, 2012) - Huddle, the leader in enterprise content collaboration, today announced that the company has achieved more than 800 percent sales growth, year over year, in the enterprise marketplace. New third-party research indicates a strong demand for a secure, easy to use cloud-based SharePoint alternative and independent findings of Huddle customers point to dramatic improvements to worker productivity and efficiency. Customers include Fortune 500 companies and organizations across sectors including government, financial services, professional services and manufacturing. The company is using its recent $24 million Series C round of funding to form strategic partnerships and expand global operations, with the number of employees expected to exceed 200 across the company's London, New York and San Francisco offices before the end of the year. Huddle also announced today that it has secured a strategic partnership with IQT to enable work with Federal U.S. Government.
"Huddle has experienced an incredible couple of quarters across the board. From innovative product developments and the expansion of strategic partnerships in key verticals to breaking sales revenue targets, we're in line with our goal to build Huddle into a public, billion-dollar company," said Alastair Mitchell, CEO, Huddle. "Businesses today are looking for ways to boost worker productivity, lower IT infrastructure costs and derive value from content while still adhering to reliability, security and compliance guidelines. Huddle empowers businesses to collaborate intelligently and unlock new ways for workers to be more productive, without compromising IT security requirements. The increased global demand for Huddle is invigorating and we remain dedicated to building the best content collaboration platform available."
"Huddle makes it easy to share content and collaborate with others. The platform has emerged as a cost effective alternative to Microsoft SharePoint," said Jim Lundy, CEO and Lead Analyst, Aragon Research.
Round of funding enables aggressive scaling and opening of New York City office
New technology development contributes to record sales growth
Industry analysis indicates a strong foothold in the market
New research shows Huddle offers businesses robust, cost-efficient content collaboration
About Huddle
Huddle is the enterprise content collaboration company that helps organizations across the globe to collaborate intelligently. Huddle's intelligent collaboration platform is revolutionizing enterprise content management by enabling organizations to store, discover, share and work on content with others securely in the cloud. Its patent-pending intelligent technology locates and recommends valuable information to users, with no need for search. Co-headquartered in London and San Francisco and with offices in New York City, Huddle's customers include 80 percent of Fortune 500 and 80 percent of UK central government, and companies such as Diageo, Kia Motors and PwC. The company is privately held and backed by venture capital firms DAG Ventures, Eden Ventures, Matrix Partners and Jafco Ventures. More information can be found at www.huddle.com.
Connect with Huddle
Blog: www.huddle.com/blog
Facebook: www.facebook.com/huddle.com
Twitter: www.twitter.com/huddle
Google+: www.plus.google.com/104920148692899106142
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Media Contact:
Aaron Endre