Startup Of The Week

Startup Of The Week: Beqom

Switzerland’s Beqom, which specializes in compensation management software for large companies, was named one of Europe’s top 50 high growth companies and received the Special Jury Prize at the 12th Annual European Tech Tour Growth 50 Award ceremony on March 22.

Using data sourced from Pitchbook, and the insight of a selection committee of international investors, Tech Tour researched and evaluated over 280 European private tech companies at a sub-one billion US dollar valuation, to identify Europe’s 50 most promising super-scale up companies.

The selection committee, composed of 22 international venture capital and growth equity fund managers, chose the 50 companies from 284 European qualifying companies based on their achievement, impact and momentum.

Beqom’s cloud based total compensation platform addresses all performance and compensation aspects such as salary review, bonus, long-term incentives, commissions, benefits, non-cash rewards and all key drivers towards Employee Performance Management and Sales Performance Management.

The platform is used globally across all industry sectors by over 100 large companies, including Microsoft and Vodafone. In March it added Cap Gemini, a global company specializing in consulting, technology services and digital transformation, as a customer. Beqom’s Total Compensation Solution will be used by Cap Gemini to help with simulation and budget modeling, with compensation reviews, and with the administration and management of bonus processes for 200,000 Capgemini employees worldwide.

In January of this year analyst firm Gartner named Beqom as one of the 10 best sales performance management apps, alongside companies such as IBM and Oracle.

In a statement CEO Fabio Ronga said that in 2018 Beqom will increase its presence in existing markets and look to new regions such as Japan, Australia and Singapore. It also plans to explore how it can use artificial intelligence to reach full automation of its offerings.

About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.