Based in Bangalore, India, Infosys had net profit of slightly more than $2 billion on revenue of $8.7 billion for the year ended March 31. The CRM vendor has been moving upmarket over the last two years. In October, it reported it had an agreement with Deutsche Bank to serve that market and Sugar CEO Larry Augustin said that the average size of deals increased by 70 percent from the second quarter to the third quarter. These developments followed Goldman Sachs' investment of $40 million into Sugar, announced in October 2013. Since then, we have not heard much about Sugar's developing its channel further, although it named several resellers as Elite partners in February.
SUGAR ENTERS ENTERPRISE DEAL Featured
SugarCRM has signed an agreement with Infosys under which the two will address the enterprise CRM market. The companies will collaborate on joint opportunities with Sugar selling its software into that space and Infosys providing related services. The software company will invest in adding Sugar to the Infosys Digital Integration Services Center of Excellence, and in developing skills within that center. The companies said they will build out reference architectures and solutions for selected industries, including electronics, financial services and manufacturing.
