Huddle.net raises $4 million: Ready to tackle the software giants?
Posted by: in Small BusinessFiled under: Getting started, International Business Machines (IBM), Oracle Corp (ORCL), salesforce.com inc (CRM), Small business
In light of the mega deals from Oracle (NASDAQ: ORCL), IBM (NYSE: IBM), and SAP (NYSE: SAP), the buzz is that business software is dead. How can small- and mid-sized players compete?
Well, I think there’s still life in the sector. Take a look at the on-demand operators, such as Salesforce.com (NYSE: CRM) and NetSuite. They’re disrupting existing markets - and growing at break-neck speeds.
We’re also seeing some new-fangled Web 2.0 players enter the market. Take Huddle.net, which announced a venture capital round of $4 million (the investor is Eden Ventures).
Basically, the company realizes that the MySpace/Facebook generations want a different approach to software. As a result, Huddle.net has a cool system that allows for on the internet workspaces, which even allow for social networking.
True, I know many think that this is a fad. Ironically enough, that’s probably good news for Huddle.net. It grants the company to build out its offerings and learn form customer interactions.
In fact, for the past six months, Huddle.net has seen 25% growth in new users per month.
If you want to check out other cool venture capital deals, visit DealProfiles.com.
Tom Taulli is the author of various books, including The Complete M&A Handbook
Entries (RSS)