Funding for SugarCRM

Free CRM software vendor SugarCRM has secured a $20m expansion stage investment deal. The company wants to use the money for expansion, especially in the European and Asian markets, and for the continued development of its CRM software. This latest capital injection by venture capitalists NEA, DFJ and Walden International has increased SugarCRM's acquired venture capital to a total of $46m.

(ehe)