Carrick Capital Partners, a growth-focused investment firm specializing in software and technology-enabled businesses, announced a $31.5 million minority investment in Veritas Prime, a leader in SAP SuccessFactors and payroll technology solutions.
The funding aims to accelerate Veritas Prime’s expansion in Business Process as a Service (BPaaS) and its SAP S/4 finance practice, strengthening its position as an end-to-end technology partner for enterprise HR and payroll operations.
Based in Orlando, Florida, Veritas Prime is recognized as the only SAP partner that offers complete end-to-end services — from implementation and licensing to support, managed payroll, and tax services — all delivered through a unified technology platform. The company’s integrated model enables organizations to simplify operations, enhance compliance, and optimize employee experience across global workforces.
The partnership marks a significant milestone in Veritas Prime’s growth trajectory as it seeks to meet rising demand for scalable, cloud-based HR and finance solutions. The investment from Carrick Capital Partners will enable Veritas Prime to deepen its technology innovation, expand its team, and enhance its delivery capabilities for global enterprises adopting SAP’s next-generation platforms.
Veritas Prime plans to use the new funding to accelerate innovation within its BPaaS model, which integrates business processes, technology platforms, and managed services into a unified delivery system. Additionally, the company will expand its SAP S/4 Finance practice, empowering clients to leverage advanced analytics, automation, and digital transformation initiatives across financial and human capital management.
Carrick Capital Partners’ investment strategy centers on its Approach to Building Value (ABV), a model that provides operational support and resources to help technology-driven businesses achieve sustainable growth. And the firm’s experience in scaling software-enabled service providers aligns closely with Veritas Prime’s long-term strategy to redefine how enterprises deploy and manage SAP-driven HR and payroll ecosystems.
KEY QUOTES:
“Veritas Prime has a phenomenal track record as the leading boutique implementation and managed services partner and is highly regarded in the SAP ecosystem. 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.”
Rob Delaney, Managing Director, Carrick Capital Partners
“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. 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.”
Mike Pappis, Chief Executive Officer, Veritas Prime
