FOUNDED / 2004
TOTAL FUNDING / $120M
LATEST FUNDING ROUND INVESTORS / Goldman Sachs
SugarCRM is a customer relationship management software company. It started as an open-source project on Sourceforge, and the company still maintains a fully open-source version. Its revenue relies on professional editions and through the provision of support.
Gartner predicts that CRM will represent the largest segment of enterprise software spend by 2017, growing to a $36.5 billion worldwide market. SugarCRM announced its Q2 2014 results in July of this year, marking 19 consecutive quarters of growth and reported a 30% annual increase in annual recurring revenue. In the first half of 2014 alone, SugarCRM signed a record total of more than 1,000 new customers, bringing its current total to nearly 7,500 —with more than 1.5 million end users worldwide. For two consecutive years, Gartner named SugarCRM a "Visionary" in its Magic Quadrant in both 2013 and 2014. Additionally, SugarCRM was named a 2014 AlwaysOn Global 250 Top Private Companies winner.