SugarCRM is upping its mobile game against the remainder of the competitive CRM sector after agreeing to a deal to acquire and subsequently shut down Stitch.
The deal, for which financials have not been disclosed, sees the startup's app that is geared towards sales people absorbed into SugarCRM's offering and it follows confirmation from Stitch last week that the app in its current form would no longer be available.
Most of the team moving over
As part of the transaction almost the entire Stitch team will be moving to SugarCRM and the office that it has acquired will become the SugarCRM location in San Francisco. Stitch's CEO and co-founder Somrat Niyogi will join SugarCRM as an advisor.
The startup was founded by former Salesforce executives and Salesforce itself acquired a similar service offered by RelateIQ last year for just under $400 million (around £265 million, or AU$521 million).
Via: TechCrunch