SugarCRM Gets Investment from Accel-KKR for Growth Programs

The investment will fund new product capabilities as well as open opportunities for acquisitions.

Two people shaking hands

The investment will be used primarily to build out additional capabilities into its platform and possibly acquire other firms.

Larry Augustin, SugarCRM CEO, says the investment from Accel-KKR is the next step in the company’s growth plan.

“This is the next stage in accelerating our growth both organically and inorganically,” Augustin says. “It gives us the opportunity to become inquisitive about acquisitions.”

He says SugarCRM previously made smaller technology acquisitions but the investment

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