Yon, Switzerland and Dublin, Ireland, 30 August 2022 – Our Tandem, a Continuous Performance Management platform adopted by major European enterprise clients, has announced its acquisition by Beqom, a Swiss headquartered, global provider of a cloud based total compensation solution, backed by Sumeru Equity Partners. Venero Capital Advisors acted as exclusive financial adviser to Our Tandem.
Beqom and Our Tandem had previously entered into an agreement to partner in the delivery of a comprehensive solution to manage employee performance and rewards. Our Tandem’s next-generation performance management capabilities complement beqom’s comprehensive compensation solution, empowering employees to drive their own growth and performance while providing them with the ability to tie pay to performance in a direct and precise way.
Aisling Teillard, CEO of Our Tandem said “We are so excited about the synergies of the two platforms coming together to transform the way both performance and reward is managed, coupling the concept of real time performance with real time rewards. The Venero team has been an invaluable partner for us from the very start of the discussions and all the way to signing. Their in-depth sector expertise and deal experience has been instrumental in securing this transformational transaction for Our Tandem”
George Galanopoulos, Partner at Venero, said: "We are delighted to have supported Aisling and her team on this key transaction. The combination of beqom and Our Tandem is a natural one and bound to create a European and global champion in performance management and compensation."
Venero Capital Advisors is the only international corporate finance advisory firm focusing exclusively on HR Tech and the Future of Work. More WorkTech/HRTech companies trust Venero Capital Advisors to deliver a successful M&A transaction than any other investment bank. We are incredibly proud to be the financial advisor of choice for Future of Work businesses globally.
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