Investcorp completed the acquisition of VEDA.

Investcorp, a global investment manager, completed the acquisition of VEDA, a full-suite HR software and digitally enabled payroll-as-a-service provider. Financial terms were not disclosed. “We are very proud to be bringing in Investcorp Technology Partners as VEDA’s first institutional investor. ITP’s knowledge of our sector and market are unparallelled, and they are the perfect partner for us as we move into our next stage of growth, both in terms of digitalisation and through further acquisitions. VEDA will continue to move from strength to strength under this new partnership as we bring exceptional HR software solutions and services to even more companies in the DACH region,” Ralf Graessler, VEDA CEO.