CRMSugar, an open source CRM Application vendor has secured 2 rounds of funding and also seems to have got a good number of customers.After just nine months, Roberts (founder)is talking boldly of competing with mammoth proprietary incumbents Siebel Systems and Salesforce.com.

Roberts is charging $239 per user per year, and is offering customers a perpetual license. If they don’t renew an annual subscription, they don’t get new updates or support.

If it succeeds, this model might very well turn the application software industry upside down.

Link:http://www.sugarcrm.com