Veritas Prime, a provider of SAP technology solutions and services, has recently finalized a strategic investment totaling $31.5 million. This funding will be used primarily to accelerate the growth of its Business Process as a Service (BPaaS) offerings, as well as to strengthen its SAP S/4 Finance practice. This move is pivotal as it positions Veritas Prime to better serve enterprises looking to improve their business operations.
The investment comes from a well-regarded private equity firm that has deep expertise in the BPaaS sector. This collaboration underscores Veritas Prime’s increasing recognition as a reliable partner for businesses aiming to modernize their human resources and finance departments. The name of the private equity firm involved will be revealed in the near future, adding an element of anticipation to this announcement.
In conjunction with this investment, Veritas Prime has also announced a key leadership appointment. Wesley Bryan has been appointed as the President of BPaaS Services. With a strong background and extensive experience in building and scaling BPaaS delivery models within enterprise ecosystems, Wes is expected to play a crucial role in driving the company’s growth strategy forward.
The funding, along with the addition of strategic leadership, positions Veritas Prime to make further investments in technology, talent, and partnerships. This proactive approach will enhance its capability to deliver comprehensive SAP solutions on a global scale, ensuring that the company remains competitive and innovative in an ever-changing market.
KEY QUOTES:
“This investment marks a pivotal milestone for our company. 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. The backing of a strategic investor further validates our vision and momentum in the BPaaS space.”
“Wesley is an exceptional leader who understands both the operational and strategic dimensions of BPaaS. His experience driving large-scale transformation initiatives will be instrumental as we continue to expand and refine our service offerings.”
Mike Pappis, CEO of Veritas Prime
“I’m thrilled to join at such an exciting time. The combination of Veritas Prime’s SAP Payroll expertise, client-first culture, and innovation mindset positions the company for significant growth. I look forward to leading our BPaaS initiatives and helping clients achieve even greater agility and value.”
Wesley Bryan
