Swiss compensation management software beqom has secured $300 million in a private equity round via Sumeru Equity Partners. The new investment will serve to provide additional fuel for beqom’s growing product lineup, as well as provide Sumeru with a majority stake in the company. Since 2009, beqom has raised $359.6 million.
With a client list that includes Mercedes Benz, PepsiCo, Pictet, and DHL, beqom aims to help organisations unify compensation and rewards processes, with the ultimate goal of optimising their most valuable assets: staff.
“Compensation and rewards are at the heart of an organization’s employee experience—since 2009, we have developed software that helps our customers build exceptional workforces that are engaged and inclusive,” commented CEO and co-founder Fabio Ronga. “We are thrilled to partner together with Sumeru to build a global standard for total compensation management. We feel strongly that Sumeru is the right fit as an investor, bringing not only capital but proven expertise and a perfect match in company cultures.”
Beqom is coming off a 100% growth in year-over-year numbers, a figure which the new backing from Sumeru will be used, presumably not only to sustain but build upon.
“As workforces continue to become more global and the war for talent intensifies, best-in-class organizations are building innovative, equitable, and transparent compensation models, driving strong tailwinds for beqom,” commented Sumeru’s Mark Haller. “We couldn’t be more excited to collaborate with the entire beqom team on the opportunities ahead to accelerate innovation and scale its customer base globally as the category-defining company in total compensation management software.”