300 million investment for Fribourg-based publisher Beqom

Sumeru Equity Partners injects $300 million into the capital of French-speaking software publisher Beqom. With this sum, the Fribourg-based publisher will accelerate innovation projects around its cloud-based global compensation management platform.

Fribourg-based provider of a cloud-based global compensation management platform, Beqom announces a $300 million "majority investment" by Sumeru Equity Partners.

Beqom's platform manages $300 billion in compensation and is specifically designed for large international companies. SaaS-based, the solution handles both general compensation from an HR perspective and transactional sales incentives such as commissions. Customers include Mercedes Benz, PepsiCo, Pictet and DHL. Sumeru's investment will fuel Beqom's product innovation projects, says Beqom in its press release.

"We are delighted to be partnering with Sumeru to create a global standard for total rewards management. We are convinced that Sumeru is the ideal investor, as it brings not only capital, but also proven expertise and a perfect match of our companies' cultures," says Fabio Ronga, CEO and co-founder of Beqom.

"As workforces continue to globalize and the war for talent intensifies, the most successful organizations are implementing innovative, fair and transparent compensation models, giving beqom a strong boost," explains Mark Haller, Managing Director of Sumeru.

Source : ICTjournal