FinTech

Investcorp Takes Technological Leap with Majority Stake in Veda GMBH in Ambitious Acquisition

A strategic move in the realm of technology was announced today as Investcorp, a leading global alternative asset manager, acquires a majority stake in Veda GMBH, a specialized payroll management service provider.

This transaction is part of Investcorp’s strategic plan to expand its investments in the technology sector, unlocking new horizons for innovative solutions in human resources management.

Founded in Alsdorf, Germany, Veda has established a strong reputation in providing comprehensive solutions for human resources management.

The Veda platform empowers companies to manage various aspects of daily operations, including payroll management, time and attendance tracking, recruitment processes, personnel development, and learning management.

Georg Knoflach, Managing Director at Investcorp Technology Partners (ITP), expressed his enthusiasm, stating, “We were impressed by the quality of Veda’s products and go-to-market strategy, and we see incredible opportunities to support the Company as it helps more SMEs move their mission-critical HR services to the cloud.”

It is noteworthy that Veda serves around 1,200 clients and is a prominent player in the German technology scene, collaborating closely with a diverse range of companies across all sectors, from small enterprises to large corporations.

Ralf Graessler, CEO of Veda, affirmed his continued investment in the company alongside ITP.

He stated, “We are excited about this new opportunity, seeing Investcorp as a strategic partner that can support us in achieving sustainable growth and delivering our innovative services to more companies.”

Veda’s acquisition comes at a crucial strategic time, with the technology sector witnessing tremendous growth amid digital transformation and companies adopting modern technology solutions to enhance operational efficiency and improve strategic human resource management.

 The transaction is anticipated to close in the first quarter of 2024, subject to customary closing conditions.

This technological move reflects Investcorp’s positive outlook towards sustainable investments and reinforces its role as a leading player in the global innovation and technology landscape.

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