Huddle's New CEO Says An IPO Won't Happen Soon

Huddle, the London-based company that makes collaboration software for documents, has hired a new CEO. And Morten Brøgger is already making an impact at the company, putting its IPO plans on hold.

Brøgger has plenty of experience in working at enterprise tech companies. He was previously the chief sale officer of Syniverse, an international online transactions company.

Huddle raised $51 million in its Series D round in December. It said at the time that it would use the funding to double the size of its product team.

Brøgger gave an interview to Techworld in which he said that any plans for a Huddle IPO are being delayed following his appointment as CEO. "We have mutually agreed we're going to put all these discussions on hold," he said.

Huddle's former CEO, Alasitair Mitchell, is going to become the company's CMO and President. He told Business Insider in December that an IPO was "probably a few years away." Now, the company's new CEO looks set to focus on international growth instead.

Huddle raised $51 million in its Series D round in December. It said at the time that it would use the funding to double the size of its product team.