Compensation management solutions provider beqom SA revealed today that it has acquired continuous performance management platform startup Our Tandem for an undisclosed price.

Founded in 2016, Our Tandem offers a performance management system designed to sit in the flow of work, integrating with core human resources systems, Microsoft Office and enterprise resource planning systems. The company’s platform drives people development through personalized feedback, coaching and goal setting. The service includes personalized rewards with meaningful behaviors, goals and skills to assist companies reward and recognize their people, attract and retain top talent and to address pay equity and transparency.

Beqom argues that at a time when a record number of workers are seeking new employment and there is increasing pressure to address pay disparities caused by inflation, hybrid work and other factors, companies can no longer hold on to outdated compensation and rewards models. To retain and attract employees, beqom says, brands need to shift to a people-centric compensation approach and prioritize tools that have a meaningful impact on employee journey touchpoints while ensuring overall employee costs are transparent and optimized.

The combination of beqom and Our Tandem will provide a continuous performance and rewards solution that offers personalized rewards aligned to real-time performance data and feedback, skills, behavior and goals along the employee touchpoints, beqom says. The solution ensures that rewards are individualized, fair and within budget through a robust optimization and governance engine, it adds.

“This acquisition represents an exciting step forward, not just because of the combination of the products, but because of the combination of the people,” Fabio Ronga, chief executive of beqom, said in a statement. “Beqom’s vision has always been to help customers effectively leverage their talent to drive their business, so combining Our Tandem’s innovative continuous performance solution with our unique total rewards platform offers a true breakthrough in employee management.”

Both companies will continue to operate under their separate brands post-acquisition while placing focus on integrating and growing both teams and accelerating the combined product roadmap.

Coming into its acquisition, Our Tandem had raised several rounds of venture capital funding, according to Pitchbook, but the amount raised is not publicly available.

Image: Our Tandem