SugarCRM Inc., the company that enables businesses to create extraordinary customer relationships with the most innovative and affordable CRM solution in the market, announced today it has closed a successful second quarter, driven by strong enterprise sales. SugarCRM achieved 25 percent year-over-year growth in core annual recurring revenue (ARR). Growth was driven by increasing demand for Sugar among larger businesses worldwide, and supported by SugarCRM’s achievement of several major milestones in the second quarter, including the release of Sugar 7.6, a successful SugarCon event, the announcement of a key partnership with Infosys, and placement as a “Visionary” in Gartner’s 2015 Sales Force Automation Magic Quadrant.
Strong Up-Market Traction
SugarCRM’s impressive 25 percent year-over-year growth in core ARR was marked by growing demand for Sugar among larger businesses. In the second quarter, the company saw:
- 175 percent year-over-year growth in the number of seats per new customer
- 164 percent year-over-year growth in average new deal size
- 68 percent year-over-year growth in core ARR from accounts greater than $100,000
- 42 percent year-over-year growth in average ARR per customer
At InnoventCRM we continue to be recognized by SugarCRM as their SMB industry experts. Our experience with accounting software integration’s is second to none in the Australian & New Zealand market space. Contact us today to see how SugarCRM can help you “Make Every Connection Count” 1300 781 681 or firstname.lastname@example.org