SugarCRM, a Cupertino, CA-based provider of a CRM social collaboration platform, completed a $40m equity financing with Goldman Sachs & Co.
In conjunction with the investment, Antoine Munfa, a vice president at Goldman Sachs, joined SugarCRM’s Board of Directors.
The company intends to use the funds to further expand globally, drive channel growth, and continue product development.
Led by Larry Augustin, CEO, SugarCRM provides an integrated solution that allows professionals to know their customers, do their jobs, engage them and deliver a superior customer experience across the organization.
The company’s On-Site and Cloud Computing services are used by over 6,500 organizations.