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PE-backed SugarCRM buys Collabspot's email integration products

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PE-backed SugarCRM buys Collabspot's email integration products

SugarCRM Inc., a provider of customer relationship management solutions for businesses, has acquired the email integration products of Singapore-based Collabspot Pte. Ltd.

The deal, terms of which were not disclosed, is aimed at helping SugarCRM develop a tool for real-time data analysis, according to a statement.

Collabspot's products, which combine CRM systems with email platforms, are also expected to be included in SugarCRM's artificial intelligence and predictive offerings in the future.

SugarCRM is backed by private equity firm Accel-KKR LLC.