History
beqom was founded as Excentive International in 2009, by software executives coming from Hyperion, OutlookSoft and SAP. [2] [3]
The company gained notability in 2009 as one of the few HR software vendors offering a comprehensive compensation application. [4] That same year, the company began its worldwide expansion with the opening of its North American headquarters. [5]
On September 1, 2013, the company changed its name to beqom. [6]
The company has completed five funding rounds, starting with a $2.5 million seed round in 2009 and a $8.5 million venture round in 2011. In July 2014, Swisscom Ventures, the investing arm of Swisscom AG, and Renaissance PME, a Swiss pension investing fund managed by Swiss technology investor Vinci Capital, announced that it had completed a financing round with beqom of $10.6 million to help fund its international expansion efforts. [7] In July 2017, beqom raised a further $35 million from Goldman Sachs to reinforce its global presence, increase the direct sales force, and further develop indirect sales channels. [8] Altogether, beqom has raised a total of $59.6 million in funding.
In October 2019, beqom CEO Fabio Ronga was distinguished as the winner of the 2019 EY Entrepreneur Of The Year award. [9]
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