Carrick Capital Partners Invests in Veritas Prime to Drive Growth
Minority investment to accelerate growth in BPaaS and SAP S/4 finance practice
In an exciting development, Carrick Capital Partners, an investment firm focused on elevating software and software-enabled businesses, has announced a minority investment in Veritas Prime. This investment is set to enhance Veritas Prime's capabilities as a premier provider of SAP SuccessFactors and payroll technology solutions.
Veritas Prime stands out in the competitive landscape as a leading partner for SAP SuccessFactors. Unique to the market, they offer end-to-end (E2E) implementation, license management, support, and comprehensive managed payroll services, all available through one cohesive technology platform.
Rob Delaney, the Managing Director of Carrick Capital Partners, expressed confidence in Veritas Prime's capabilities and potential. "Veritas Prime has an exceptional track record as the top boutique implementation and managed services partner within the SAP ecosystem," he noted. Delaney sees a significant opportunity to provide value to clients by developing comprehensive HR and payroll technology solutions that are inherently tied to the SAP suite.
He further emphasized, "With a remarkable mix of payroll and HR expertise, as well as advanced delivery capabilities, Veritas Prime is well-equipped to maximize the value of this investment opportunity." This confidence is shared by Mike Pappis, the CEO of Veritas Prime, who stated, "This investment marks a crucial milestone for us. Carrick's expertise in payroll and BPaaS, combined with their extensive investment experience and a proven history in pioneering HCM and payroll outsourcing, truly validates our vision."
Pappis highlighted the current growing trend of organizations striving to enhance business outcomes through scalable, cloud-based services. He remarked, "Veritas Prime is uniquely positioned to provide integrated SAP solutions that effectively connect technology, processes, and people." This investment will enable Veritas Prime to catalyze advancements in both technology and talent, ensuring the expansion of its Business Process as a Service (BPaaS) offerings, as well as bolstering its SAP S/4 Finance practice.
About Veritas Prime
Veritas Prime, located in Orlando, Florida, is recognized globally as a premier SAP technology services firm. The company's specialization encompasses SAP SuccessFactors, SAP Payroll, and SAP S/4HANA solutions. With a steadfast commitment to innovation, quality, and achieving client objectives, Veritas Prime facilitates the transformation of HR and finance operations through integrated technology and dedicated managed services.
About Carrick Capital Partners
Located in both San Francisco and Newport Beach, Carrick Capital Partners is dedicated to fostering growth in software-enabled businesses. Utilizing a structured method known as ABV (Approach to Building Value), they aim to efficiently scale rapidly growing enterprises. Carrick prioritizes offering value by focusing on a concentrated investment strategy that includes significant post-investment resources. With a wealth of experience, Carrick collaborates closely with CEOs and entrepreneurs, providing essential investment capital and growth expertise tailored to maximize returns for investors and stimulate industry growth.
Contact: Machie Madden
917.868.2358
Frequently Asked Questions
What is Carrick Capital Partners' recent investment about?
Carrick Capital Partners has made a minority investment in Veritas Prime to accelerate its growth and leverage its offerings in the fields of BPaaS and SAP.
What does Veritas Prime specialize in?
Veritas Prime specializes in SAP SuccessFactors, payroll technology, and comprehensive solutions that enhance HR and finance operations for organizations.
Why is this investment considered significant?
This investment is seen as a pivotal moment for Veritas Prime, allowing for enhanced investment in technology and talent to grow its BPaaS services.
How does this investment affect Veritas Prime's operations?
The backing from Carrick will enable Veritas Prime to further develop its cloud-based service offerings and strengthen its SAP S/4 Finance practice.
What is the core focus of Carrick Capital Partners?
Carrick Capital Partners focuses on operationally scaling software-enabled businesses through dedicated resources and strategic investment methods.
