Carrick Capital Partners Announces Significant Investment in Veritas Prime to Fuel Growth
Carrick Capital Partners, recognized for its focus on growth-oriented investments in software businesses, has taken a significant step by investing $31.5 million in Veritas Prime. This investment is aimed at expanding Veritas’s capabilities in Business Process as a Service (BPaaS) and enhancing its proficiency in SAP S/4 finance solutions.
Veritas Prime stands out as a notable provider in the SAP ecosystem, specializing in the SAP SuccessFactors platform and payroll technology solutions. One of its unique propositions is its comprehensive offering, which includes end-to-end implementation, licensing, support, and managed payroll/tax services, all delivered through an integrated technology platform. According to Rob Delaney, Managing Director of Carrick Capital Partners, Veritas Prime has established itself as a leading boutique implementation partner admired for its expertise and service quality within the SAP community.
Delaney remarked on the potential this partnership holds for creating value through sophisticated HR and payroll technology solutions. He noted that Veritas Prime's combination of payroll/HR expertise, robust delivery capabilities, and technological assets positions them uniquely to leverage the SAP suite effectively.
Mike Pappis, CEO of Veritas Prime, expressed that this funding represents a critical milestone for the company. He emphasized how Carrick's extensive experience in the BPaaS sector will help propel Veritas Prime's growth, particularly as businesses increasingly turn to cloud-based services to optimize their outcomes. The infusion of resources from Carrick will facilitate further investments in technology and talent, which are essential for scaling their BPaaS offerings and reinforcing their SAP S/4 Finance practice.
Veritas Prime, based in Orlando, Florida, has made a name for itself globally as a leading SAP technology services firm. It is committed to fostering innovation and delivering exceptional client success through its integrated technology solutions. The firm's focus on driving transformation in HR and finance operations demonstrates its adaptability and commitment to meeting evolving market needs.
For Carrick Capital Partners, this investment aligns with its mission of building value in fast-growing, software-enabled businesses. The firm, headquartered in both San Francisco and Newport Beach, employs its Approach to Building Value (ABV) methodology to provide substantial operational support post-investment. This concentrated focus enables them to maximize returns for investors while promoting economic growth and benefiting the broader industry landscape.
As the market shifts towards integrated, scalable solutions that enhance operational efficiency, Veritas Prime’s role as a partner in delivering such offerings is more critical than ever. The collaboration between Carrick and Veritas promises to catalyze advancements in the technology landscape, ultimately transforming how organizations approach HR and payroll challenges. In a world where technology continually reshapes business processes, this partnership is set to yield significant dividends for both parties as well as their clients.
The potential of this collaboration will unfold in the coming months, with Veritas Prime expected to enhance its service offerings significantly, establishing itself even more robustly within the SAP ecosystem. Carrick Capital Partners is committed to supporting this journey, utilizing its expertise to facilitate not only financial growth but also operational excellence across Veritas's projects.
Veritas Prime stands out as a notable provider in the SAP ecosystem, specializing in the SAP SuccessFactors platform and payroll technology solutions. One of its unique propositions is its comprehensive offering, which includes end-to-end implementation, licensing, support, and managed payroll/tax services, all delivered through an integrated technology platform. According to Rob Delaney, Managing Director of Carrick Capital Partners, Veritas Prime has established itself as a leading boutique implementation partner admired for its expertise and service quality within the SAP community.
Delaney remarked on the potential this partnership holds for creating value through sophisticated HR and payroll technology solutions. He noted that Veritas Prime's combination of payroll/HR expertise, robust delivery capabilities, and technological assets positions them uniquely to leverage the SAP suite effectively.
Mike Pappis, CEO of Veritas Prime, expressed that this funding represents a critical milestone for the company. He emphasized how Carrick's extensive experience in the BPaaS sector will help propel Veritas Prime's growth, particularly as businesses increasingly turn to cloud-based services to optimize their outcomes. The infusion of resources from Carrick will facilitate further investments in technology and talent, which are essential for scaling their BPaaS offerings and reinforcing their SAP S/4 Finance practice.
Veritas Prime, based in Orlando, Florida, has made a name for itself globally as a leading SAP technology services firm. It is committed to fostering innovation and delivering exceptional client success through its integrated technology solutions. The firm's focus on driving transformation in HR and finance operations demonstrates its adaptability and commitment to meeting evolving market needs.
For Carrick Capital Partners, this investment aligns with its mission of building value in fast-growing, software-enabled businesses. The firm, headquartered in both San Francisco and Newport Beach, employs its Approach to Building Value (ABV) methodology to provide substantial operational support post-investment. This concentrated focus enables them to maximize returns for investors while promoting economic growth and benefiting the broader industry landscape.
As the market shifts towards integrated, scalable solutions that enhance operational efficiency, Veritas Prime’s role as a partner in delivering such offerings is more critical than ever. The collaboration between Carrick and Veritas promises to catalyze advancements in the technology landscape, ultimately transforming how organizations approach HR and payroll challenges. In a world where technology continually reshapes business processes, this partnership is set to yield significant dividends for both parties as well as their clients.
The potential of this collaboration will unfold in the coming months, with Veritas Prime expected to enhance its service offerings significantly, establishing itself even more robustly within the SAP ecosystem. Carrick Capital Partners is committed to supporting this journey, utilizing its expertise to facilitate not only financial growth but also operational excellence across Veritas's projects.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.