- Veda’s customers include airline Lufthansa
- Investcorp is Veda’s first institutional investor
- The private equity firm will support add-on acquisitions
Investcorp has signed a deal to buy a majority stake in Veda, an HR software and payroll-as-a-service provider in the “large and fragmented” DACH market.
Veda’s revenues in 2023 were around €20 million and the company’s roughly 1,200 customers include airline Lufthansa and “many mid-market enterprises”, according to a statement.
