NewsOpen Source SugarCRM Worth $350 Million

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According to research firm Next Up, 6-year-old open source SugarCRM is worth between $350 million and $360 million.

Next Up said that SugarCRM is expected to bring in about $95 million in revenue in 2012 and $107.7 million in 2013.

The biggest advantage SugarCRM has over its competitors is it’s cheaper.

“The service can cost around half of what some of the major CRM software providers charge,” VentureBeat reported.

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