Houlihan Lokey Advises beqom

Houlihan Lokey is pleased to announce that beqom, the leader in cloud-based compensation management software, has received a $300 million strategic investment from Sumeru Equity Partners (Sumeru).

Beqom provides a cloud-based compensation management solution that unifies all compensation and rewards processes on a single platform, from salaries and bonuses to executive and sales incentives. Designed to meet the sophisticated needs of leading global enterprises, beqom enables companies to attract and retain talent, engage and motivate employees, control costs, streamline processes, and ensure fair and compliant pay. Beqom integrates seamlessly with core HCM software, providing the best-of-breed capabilities needed to implement effective compensation strategies worldwide, without compromise. Beqom’s platform is used to streamline compensation management processes for Global 5000 customers, supporting mission-critical rewards processes that impact every employee in an organization. Managing over $300 billion in compensation, beqom’s total compensation solution provides companies of any size and industry, including Mercedes Benz, PepsiCo, Pictet, and DHL, with the flexibility needed to execute their reward strategies to make the most of their human capital.

Given the competitive labour market, changing compensation structures, and strategic corporate initiatives, including DEI and pay equity, every company must reconsider its rewards strategy. Beqom's compensation solution integrates with core HCM systems to enable competitive, fair, inclusive, and effective compensation strategies. Unlike other compensation management software providers, the beqom solution manages both broad-based HCM compensation and transactional sales incentives, such as commissions, on a single next-generation SaaS platform, giving customers a complete picture of total compensation.

Sumeru provides growth capital, strategic insight, and operating expertise to enterprise technology companies in North America and Europe. Building upon beqom’s significant momentum of 100% year-over-year bookings growth in 2021, Sumeru’s investment will fuel additional growth in product innovation to better support compensation and HCM leaders worldwide.

Sumeru’s majority investment was led by John Brennan, Mark Haller, and Jialin Zhang, and the closing of the investment is expected in Q2, subject to customary closing conditions.

Houlihan Lokey served as the financial advisor to beqom and is the most recent transaction in Houlihan Lokey’s exceptional track record in the software and HCM space.