Goldman Sachs Invests $40M In SugarCRM


CRM company SugarCRM has completed a $40 million equity investment by Goldman Sachs. The company says it will use the investment to further expand its global reach.  Antoine Munfa, a vice president at Goldman Sachs, is joining the SugerCRM board. Piper Jaffray served as SugarCRM’s financial advisor during the funding transaction.

[Image courtesy: SugarCRM]

Also see:

Jumbo, Hanshow ink partnership to digitize 700 stores

Jumbo, the second largest supermarket chain in the Netherlands, has announced an exclusive partnership with global retail solutions provider Hanshow.

Cognizant awarded five-year IT operations and maintenance contract by VodafoneZiggo

As managed services partner of VodafoneZiggo, Cognizant will consolidate and support the company's operations of IT and virtualized mobile network infrastructure.