BQE, a cloud-based software provider to professional service firms, has secured a “significant” investment from Serent Capital, a private equity group.
Founded in 1995, the group provides a range of services, including in time billing and project management technology, as well as accounting and human resource management offerings.
The firm completed its switch to a 100% SaaS-based enterprise in 2017, following $25m of boot-strapped investment.
Shafat Qazi, founder and CEO at BQE, said: “I am pleased to have found an amazing partner with Serent Capital.
“It was extremely important that our investment partner share our vision, and have the experience in growing sales, marketing, and customer success teams that will enable us to achieve our goal of being the leading technology provider for professional service firms worldwide.”
Kevin Frick, partner at Serent, said: “We have been watching BQE for years, and have been particularly impressed with their culture of innovation, combined with extraordinary customer satisfaction.
“While BQE is already an exceptionally successful company, we are delighted to be partnering with Shafat and the entire BQE team to amplify that success to further grow the company.”