The Swisscom-backed cloud-based compensation software provider has received $35m in funding from Goldman Sachs Private Capital Investing.
Investment banking firm Goldman Sachs supplied $35m in funding today to Beqom, a Switzerland-based employee compensation software producer backed by telecommunications company Swisscom.
Beqom has built a cloud-based platform that enables managers to supervise the performance and compensation of all their employees from a single place. It manages salary reviews, bonuses, commissions, benefits, long-term incentives and non-financial motivation schemes.
Swisscom’s corporate venturing unit, Swisscom Ventures, joined pension investment fund Renaissance PME to invest an undisclosed sum in Beqom in…
