Applications > Business Applications

Huddle keeps its counsel on sale reports

David Bicknell Published 09 August 2017

Company says it is unable to comment on a report that it has been sold to Turn/River Capital

 

A report has suggested that enterprise software start-up and collaboration specialist Huddle has been sold to a US private equity company Turn/River Capital.

Huddle, whose government clients include the Department for Work and Pensions, the US Department of Homeland Security and Ofsted, has not made any public comment, though the report, by Business Insider, suggested a blog post announcing Turn/River as a majority shareholder had been published, then deleted.

On Monday, it reported, though it was not confirmed by the company, that Huddle sent a letter to its shareholders, including employees, notifying them that Turn/River would be acquiring the company's shares.

In response to a query from Government Computing , Vice President, Marketing Tim Deluca-Smith said he was unable to comment, while pointing out that press reports were not “an official Huddle source.”

There have, however, been suggestions for some months from competitors of evidence showing Huddle appearing to ready itself for a significant corporate transaction, though there has been no confirmation that this was the case.








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