Welcome!

News Feed Item

SugarCRM Celebrates Banner Year in 2013 as Company Re-defines the Customer Experience

SugarCRM Inc., the company that enables businesses to create extraordinary customer relationships with the most innovative and affordable CRM solution in the market, today announced the major accomplishments that characterized SugarCRM's success in 2013. Last year was clearly defined by the company’s strong growth and revenues, a major re-architect and launch of the most recent release of Sugar, a record funding round, industry recognition from leading analysts and experts, product wins and impressive worldwide momentum.

Additionally, SugarCRM rebranded the company with its “iCRM” campaign — putting the individual at the center of its latest solution and declaring 2014 “The Year of the Individual.” Poised for accelerated growth in 2014 and showcasing a strong vision for the future, SugarCRM is driving a new era in CRM and business optimization and is setting the stage for the decade ahead.

Unprecedented Customer Growth, Worldwide Momentum

SugarCRM enjoyed tremendous success in 2013, fueled by the addition of more than 2,500 new customers while expanding existing deployments from more than 2,500 customers, including:

  • Wilson Sporting Goods
  • Sennheiser electronic GmbH & Co. KG, a leading manufacturer of microphones, headphones and wireless transmission systems
  • Egton Medical Information Systems Ltd (EMIS), the United Kingdom’s market-leading primary care software provider with more than 39 million patient records in its systems
  • Samsung Electronics Colombia
  • TUI Infotec (member of TUI Group)
  • Dealertrack, the leading provider of Web-based software and services for the automotive retail industry in the United States

The company achieved more than 75 percent year-over-year revenue growth with 17 quarters of consecutive growth. In addition, SugarCRM continues its global expansion, seeing strong growth in Europe and making key inroads in Asia Pacific.

“We believe CRM tools targeted for the individual are helping SugarCRM re-define the customer experience and drive a new, critical level of business transformation for companies of all sizes,” said Larry Augustin, CEO of SugarCRM. “The global market opportunity for CRM is significant, and we will drive worldwide deployment for small to mid-sized businesses as we help their employees throughout the organization engage and connect deeper with customers. Advanced CRM tools that uniquely facilitate these extraordinary customer connections will help businesses gain a strong competitive edge. We expect 2014 to be a another pivotal year — where we truly begin to realize the full global potential of CRM and enter a brand new era."

According to Gartner Research, CRM will represent the largest segment of enterprise software by 2017— eclipsing even ERP and analytics — increasing to a $36.5B worldwide market. With global demand soaring for more affordable, personalized and innovative CRM systems, SugarCRM is poised for strong momentum as it enters 2014 — which marks its 10-year anniversary. The Goldman Sachs & Co.'s $40 million funding round (announced in August) will help SugarCRM strategically invest and meet the increased global demand. The funds will be used to expand SugarCRM's worldwide reach, expand channel growth in key worldwide regions and support future product development.

In 2013, new executive firepower also contributed to SugarCRM's momentum. Glenn Cross joined the company as executive vice president of worldwide field operations. With his strategic sales vision and leadership, Cross directs the company’s sales, services and support organizations and is responsible for all customer-facing initiatives. Henning Ogberg, SugarCRM's senior vice president of EMEA, is responsible for the company’s overall growth strategy in Europe and sales channel development in core overseas markets, including Germany, Switzerland, the United Kingdom, France and Italy. Award-winning marketing executive Jennifer Stagnaro joined SugarCRM as senior vice president of marketing, bringing more than 20 years of executive-level technology marketing and branding experience. Stagnaro's unique expertise in launching new brands and defining emerging markets has bolstered SugarCRM's momentum as the company re-defines the customer experience.

iCRM, Latest Release of Sugar Drive Paradigm Shift and CRM Resurgence

SugarCRM entered 2014 with analyst assertions that the CRM market is preparing for a major industry-wide shift. Ovum Research recently proclaimed 2014 as the year company leaders will pay attention to the need for a new CRM customer strategy that includes each customer-facing employee.

By creating a unique user experience (Sugar UX™) and pricing structure (Sugar PurePrice™), SugarCRM is re-defining CRM with the individual in mind, empowering all customer-facing employees to create extraordinary customer relationships. Indeed, the new release is in sharp contrast to traditional CRM platforms, which are largely focused on salesforce management, tracking and reporting. While these legacy platforms have grown the 20-year-old market to $20 billion with 20 million users, SugarCRM plans to further extend CRM's appeal and access across an entire organization at a more affordable price point — propelling the market to reach its full potential.

Awards, Industry Recognition Underscore Company's Thought Leadership

With such innovation and focus on helping organizations realize the promise of CRM, SugarCRM garnered several award and analyst nods over the last year. In April, SugarCRM was presented with a Gold Stevie® award in the "Relationship Management Solution — New Version" category. The company also landed in CRN's Partner Program Guide with a 5-Star Partner Program rating. The following month, AlwaysOn honored SugarCRM as an OnDemand 100 winner. Combined, this industry recognition serves as a testament to SugarCRM's technology innovation, strong global operations and potential for market disruption.

About SugarCRM

SugarCRM enables businesses to create extraordinary customer relationships with the most innovative and affordable customer relationship management (CRM) solution on the market. By placing the individual at the center of its solution, SugarCRM is putting the “i” in CRM and empowering people at all levels of an organization to better understand and engage with customers. Based in Silicon Valley, SugarCRM is backed by Goldman Sachs, Draper Fisher Jurvetson, NEA, and Walden International. More than 1.5M individuals in 120 countries rely on SugarCRM. To learn more visit SugarCRM or follow @SugarCRM.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to, among other things, expectations, plans, prospects and financial results for SugarCRM, including, but not limited to, our expectations regarding our products, market demand, future revenue, and market share growth. These forward-looking statements are based upon the current expectations and beliefs of SugarCRM’s management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements made in this press release are based on information available to us as of the date thereof, and SugarCRM disclaims any obligation to update these forward-looking statements.

NOTE: SugarCRM, Sugar UX, Sugar PurePrice and the SugarCRM logo are service marks of SugarCRM Inc. Third-party trademarks mentioned are the property of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Silver Spring Networks, Inc. (NYSE: SSNI) extended its Internet of Things technology platform with performance enhancements to Gen5 – its fifth generation critical infrastructure networking platform. Already delivering nearly 23 million devices on five continents as one of the leading networking providers in the market, Silver Spring announced it is doubling the maximum speed of its Gen5 network to up to 2.4 Mbps, increasing computational performance by 10x, supporting simultaneous mesh communic...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, will discuss using predictive analytics to ...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...