What Company Is Offering:
SugarCRM is the world's leading provider of commercial open source customer relationship management (CRM) software for companies of all sizes. Sugar easily adapts to any business environment by offering a more flexible, cost-effective alternative than proprietary applications.
How It Works:
SugarCRM's open source architecture allows companies to more easily customize and integrate customer-facing business processes in order to build and maintain more profitable relationships. SugarCRM offers several deployment options, including on-demand, on-premise and appliance-based solutions to suit customers' security, integration and configuration needs.
How This Company Is Performing:
SugarCRM’s innovation in the CRM market has been recognized by industry experts, with the company being named a “Rising Star” by CRM Magazine, an Always On Top 100 Private Company, and a Leader in the InfoTech Decision Diamond for CRM Solutions.
How Much They Got From VCs:
They got USD 20 million round of financing led by New Enterprise Associates, bringing total funding to USD 46 million. Existing investors Draper Fisher Jurvetson and Walden International also joined the round.
About VCs:
New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work and play. Since its founding in 1978, the firm has followed the same core principles: supporting its entrepreneurs, providing an excellent return to its limited partners, and practicing its profession with the highest standards and respect. NEA focuses on investments at all stages of a company’s development, from seed stage through IPO. With approximately USD 8.5 billion in committed capital, NEA’s experienced management team has invested in over 550 companies, of which more than 160 have gone public and more than 230 have been acquired. NEA has U.S. offices in Chevy Chase, Maryland; Menlo Park, California; and Baltimore, Maryland. In addition, New Enterprise Associates (India) Pvt. Ltd. has an office in Bangalore, India and New Enterprise Associates (Beijing) Ltd. has offices in Beijing and Shanghai, China.
For additional information, visit www.nea.com.
Company Info:
SugarCRM
Chris Harrick, 408-454-6947
charrick@sugarcrm.com
or
Schwartz Communications for SugarCRM
Jen Spark, 415-512-0770
SugarCRM@schwartz-pr.com
More at:http://www.sugarcrm.com.
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