Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
Cross Border
Acquisition
Minority
Friendly
cloud solutions
compensation management software
Software
Switzerland
software development
Private Equity
Completed
Synopsis
Sumeru Equity Partners, a technology-focused growth capital firm, completed the $300m investment in Goldman Sachs Asset Management-backed beqom, a provider of cloud-based compensation management software. "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. 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," Fabio Ronga, beqom CEO.
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