While many industry observers were speculating last month about what drove Steve Ballmer to announce his resignation as CEO at Microsoft, SugarCRM was busy pulling in another round of funding to help fuel its continued growth into new segments of the market. The latest equity investment is not only an indicator of the growing demand for CRM alternatives in general but is also another example of the growing acceptance of open source-based enterprise applications in particular.

The source of the new round of SugarCRM funding is almost as important as the amount of the investment. Click here to read THINKstrategies’ perspective in Sandhill.com regarding the industry implications of this news.

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