PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Bijou PR

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

SugarCRM Completes $33 Million Financing Round for Further Expansion into The Enterprise - SugarCRM raises $33 million funding to aid expansion into the enterprise space - SugarCRM.com
SugarCRM Completes $33 Million Financing Round for Further Expansion into The Enterprise

 

NewswireToday - /newswire/ - Cambridge, Cambridgeshire, United Kingdom, 2012/04/05 - SugarCRM raises $33 million funding to aid expansion into the enterprise space - SugarCRM.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

SugarCRM, the world’s fastest-growing customer relationship management (CRM) company, today announced it has completed a $33 million equity and debt financing round. The investment round was led by New Enterprise Associates (NEA) and includes participation from new investors Silicon Valley Bank and Gold Hill Capital. All of SugarCRM’s current investors including Draper Fisher Jurvetson and Walden International also participated. Brooke Seawell, Venture Partner at NEA has also joined SugarCRM’s Board of Directors. SugarCRM will use the funds to continue its advancement into the enterprise market and to pursue strategic business opportunities.

“NEA supports SugarCRM’s vision to drive increased CRM adoption by offering affordable and easy to use CRM solutions to its customers,” said Brooke Seawell, Venture Partner at NEA. “We believe SugarCRM is uniquely positioned to serve the market and continue to generate impressive results.”
Driven by increased global adoption of SugarCRM and new product capabilities enabling the company’s advancement into the enterprise market, SugarCRM saw strong financial performance in 2011, achieving 67 percent top-line billings growth. In addition, the company added more than 2700 new companies around the globe to its impressive customer roster last year alone. With more than one million users and 370 channel partners, SugarCRM is now the third most widely used CRM solution in the world.
“In 2011 we saw demand for CRM solutions grow exponentially with an increased number of enterprise companies looking for an open and flexible CRM platform that can effectively scale with their growing businesses. Our growth was up 67 percent last year, and we are off to a great start in 2012,” said Larry Augustin, CEO of SugarCRM. “Adding Brooke’s experience and talent to our Board will help us drive the company to the next level. We are excited to continue our expansion into the enterprise space and are privileged to have the strong support of top investors that have domain expertise in the CRM market and who support our mission.”

About SugarCRM
SugarCRM (sugarcrm.com) makes CRM simple. As the world's fastest growing customer relationship management (CRM) company, SugarCRM applications have been downloaded more than ten million times and currently serve over 1,000, 000 end users in 192 countries. Over 7,000 organizations have chosen SugarCRM's On-Site and Cloud Computing solutions over proprietary alternatives. SugarCRM has been recognized for its customer success and product innovation by CRM Magazine, InfoWorld and Customer Interaction Solutions.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Bijou PR

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


SugarCRM Completes $33 Million Financing Round for Further Expansion into The Enterprise

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Martha de Monclin - BijouPR.com 
+44(0)77 7168 2434 martha[.]bijoupr.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Bijou PR securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Bijou PR / Company Profile


Read Software Most Recent Related Newswires:

Noble Systems Focuses on Customer Service at ICMI 2017
UK Medical Device Manufacturer Transforms Business Performance and Profitability with NetSuite Cloud ERP
IBM Launches Accelerator Program to Kickstart Blockchain Adoption for Enterprises
OmniNet Achieves Gold Partner Level Status with NAKIVO
Yardi Announces New Deal Management Solution for Internal and External Brokers
Barwa Real Estate Builds Single Enterprise Information Management Environment with OpenText
Xactly to Open New EU Data Center to Support Global Growth
Bombardier Selects IBM Services and Cloud to Accelerate IT Business Transformation
OpenText Named Solution Extension Partner of the Year and SAP Database and Data Management Partner of the Year in 2017 SAP® Pinnacle Awards
SYSPRO and Prophix Software form Global Strategic Partnership
IBM and Nutanix Launch Hyperconverged Initiative to Bring Enterprises into the Cognitive Era
Exertis CapTech to Distribute NAKIVO’s VM Backup Solution in the Nordics
TIBCO Software to Acquire Data Science Platform Leader Statistica
UBank Unveils RoboChat - Australia's First Virtual Assistant for Home Loan Applications Integrated with IBM Watson
Mentor Valor Technologies Connect Advanced Packaging Vendors At World’s First Live Industry 4.0 Factory Floor

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)