Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce that BQE Software (BQE), a leading provider of cloud-based software for professional service firms, has received a significant growth investment from Serent Capital, a private equity firm based out of San Francisco.
“(W)e’re excited to partner with the Serent team on the next stage of our growth journey,” said Shafat Qazi, Founder and CEO of BQE in a press release. “With Serent’s experience, support and resources, we look forward to accelerating our product innovation while simultaneously helping more customers operate efficiently through BQE’s award-winning platform, regardless of where they are located geographically.”
JMBM partner David Ma led the team representing BQE in the deal, with support from Robert Braun, Marianne Martin, Ryan Nowicki, Jamie Ogden, Vanessa Han, Nathan Shaw and Michelle Choi.
“It was a pleasure to provide counsel to BQE in this transaction,” said Ma, the lead lawyer for the seller. “BQE’s innovative product offerings and reputation as an industry leader makes this an exceptional investment for Serent.”
FocalPoint Partners served as BQE’s investment banker on the transaction.
About BQE Software
BQE Software develops innovative business management solutions for professional services firms. Its flagship product, BQE Core®, is a native 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, visit www.bqe.com.
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents buyers, sellers and capital providers in a wide variety of mergers, acquisitions, divestitures and financings. The Group’s lawyers provide start-to-finish assistance with all aspects of structuring, negotiating, documenting and closing the deal. For more information, please visit www.jmbm.com.