Tuesday, 28 August 2007

SugarCRM targeting an IPO

Martin LaMonica writes an article about SugarCRM quoting John Roberts, SugarCRM’s CEO, who already talks about a potential IPO. John anticipates in this article that the company, which now has 125 employees, can grow to $100 million in yearly revenue in the next couple of years. It is incredible how fast Sugar is growing if you take into account that the company was started three years ago. I think this is great news not only for Sugar but also for other professional start-ups leveraging the open source and SaaS business opportunity like Openbravo. The more we succeed… the more open the world of software will become!

From here… best of luck to Sugar (for sure they will still need to overcome many challenges) and all these companies.

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