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BQE Software secures significant growth investment from Serent Capital

BQE Software secures significant growth investment from Serent Capital

The investment further enhances the company's position as a technology leader for professional service firms.


By BQE | March 25, 2021

Torrance, Calif., – March 24, 2021 - BQE, a leading cloud-based software provider to  professional service firms, recently announced that the company received a significant  investment from Serent Capital, a growth-focused private equity firm that invests in technology  and tech-enabled software companies. 

Founded by Shafat Qazi in 1995, BQE Software quickly became a leader in time billing and  project management for professional service firms with its original product, BillQuick. After  acquiring ArchiOffice and EngineerOffice in 2009, BQE solidified its foothold in the architecture  and engineering industries, while expanding the company's offerings to include project  accounting and human resource management. 

“I am pleased to have found an amazing partner with Serent Capital,” said Shafat Qazi, CEO &  Founder of BQE Software. “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.” 

In July 2017, after 5 years of development and $25M of boot-strapped investment, BQE  completed its shift to a 100% SaaS-based enterprise with the launch of BQE CORE, a  comprehensive, cloud-native, business management platform. The company’s secure, modern,  and highly customizable platform was an immediate success amongst small and mid-sized  professional service firms that recognized the importance of a comprehensive, real-time, single source-of-truth solution where all employees - regardless of role - would be able to elevate their  work experience and efficiency.  

The popularity and potential of CORE garnered the interest of leading private equity investors  who recognized the market potential of BQE as a privately-held, debt-free company with offices  located on three continents. 
“We have been watching BQE for years, and have been particularly impressed with their culture  of innovation, combined with extraordinary customer satisfaction,” stated Kevin Frick, Partner at  Serent Capital.  
“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,” Frick  added.

About BQE 
BQE Software 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. For more  information on BQE Software, visit www.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 seeks to help growing  businesses thrive. For more information on Serent Capital, visit www.serentcapital.com. 

MEDIA CONTACT: 
Steven Burns 
Chief Creative Officer, BQE Software 
(310) 602-4010 | burns@bqe.com

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