Los Angeles, CA — BQE Software, Inc. (“BQE” or the “Company”), a global leader in providing SaaS-based business and project management solutions to professional services firms, has secured a significant growth investment from Serent Capital Management Company, LLC (“Serent Capital”). FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to the Company.
Founded in 1995, BQE develops business productivity software for professional services firms, providing its clients with intuitive, intelligent solutions to fulfill their business management needs. The Company’s flagship product, BQE CORE, is a native cloud-based platform that centralizes and automates time tracking, billing, project management, accounting, client relationship management, human resource management, and ePayments in a single AI-powered platform.
Serent Capital’s investment will accelerate BQE’s growth and enable the Company to invest further in its product platform, strengthening its foothold in the architectural and engineering industries while continuing its expansion into other growing verticals within the broader professional services automation market worldwide.
“I am pleased to have found an amazing partner in Serent Capital. It was extremely important that our investment partner share our vision. With Serent’s experience, support, and resources, we look forward to accelerating our product innovation to help more customers operate efficiently through BQE’s award-winning platform, regardless of where they are located geographically,” said Shafat Qazi, CEO & Founder of BQE. “FocalPoint introduced us to and helped us vet a number of compelling partners, providing invaluable guidance and a steadying hand along the way, while expertly managing the process to a successful close.”
“Shafat and his team have developed an industry-leading platform that delivers immense value to users, and we’re delighted to partner with him for the next phase of growth,” said Kevin Frick, Co-founder and Partner at Serent Capital. He continued, “We share Shafat’s vision for the company and see opportunities to grow BQE’s footprint by investing further in the product, expanding sales and marketing efforts, and pursuing strategic acquisition opportunities.”
“This transaction yielded a tremendous outcome for all parties involved and represents another success story for FocalPoint’s Technology and Software group,” said Muizz Kheraj, Managing Director at FocalPoint. “We greatly appreciate the opportunity to work with the BQE and the Serent Capital teams and look forward to what the future holds for the Company.”
BQE develops innovative business management solutions for professional services firms. Its flagship product, BQE CORE, is a cloud-based solution that centralizes and streamlines the way firms enter and use data for time tracking, billing, project management, and accounting. BQE CORE gives them the speed and insight necessary to rapidly make informed decisions, increase productivity, and grow profits. BQE is trusted by leading architects, engineers, accountants, attorneys, IT specialists, and business consultants. To learn more, visit bqe.com.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers’ needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent Capital seeks to help growing businesses thrive. To learn more, visit serentcapital.com.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, New York, and Shanghai, the firm provides global advisory services to middle market clients and has a dedicated Technology/Media practice. To learn more, visit focalpointllc.com and follow us on LinkedIn and Twitter.