Carrick Capital Partners, a growth-oriented investment firm focused on software and software-enabled businesses, today announced a minority investment in Veritas Prime, a leading provider of SAP SuccessFactors and payroll technology solutions.
Veritas Prime is a leading partner to the SAP SuccessFactors and Payroll suite, and the only partner that offers E2E implementation, license, support, and managed payroll/tax services as one bundled offering, delivered through a technology platform.
“Veritas Prime has a phenomenal track record as the leading boutique implementation and managed services partner and is highly regarded in the SAP ecosystem,” said Rob Delaney, Managing Director of Carrick Capital Partners. “We see a unique opportunity to create value for customers through end-to-end HR and payroll technology solutions wrapped around the powerful SAP suite. With its exceptional blend of payroll/HR expertise, delivery capabilities, and technology assets, Veritas Prime is poised to maximize that opportunity,” added Delaney.
“This investment is a pivotal milestone for Veritas Prime. Carrick’s backing and expertise in the payroll and BPaaS sector, extensive and current payroll investment experience, and operational history pioneering technology-based HCM/payroll outsourcing further validates our vision and will help drive momentum in the BPaaS space,” said Mike Pappis, CEO of Veritas Prime. “As organizations increasingly look to optimize business outcomes through scalable, cloud-based services, Veritas Prime is uniquely positioned to deliver integrated SAP solutions that bridge technology, process, and people.”
Veritas Prime will apply these resources to further invest in technology and talent that accelerate the expansion of its Business Process as a Service (BPaaS) offerings and strengthen its SAP S/4 Finance practice.
