Earlier in the week, we looked at some good CRM buying principles outlined by SugarCRM, which, as one of the fastest growing companies in the space, has a lot to say on this. Today, it has announced that it will be getting a lot bigger in the near future courtesy of a US$ 33 million cash boost through its latest financing round.

The investment round was led by New Enterprise Associates (NEA), but also includes participation form from new investors Silicon Valley Bank and Gold Hill Capital, giving the company’s health an official stamp of approval.

According to SugarCRM, it will use the money to continue its moves into the enterprise market and to pursue strategic business opportunities.

More on: SugarCRM Gets US$ 33 Million to Take on Microsoft, Salesforce