Q12025NEWYORKLONDONMUNICHPARISSANFRANCISCOLOSANGELESBERLINDUBAl1OO%TECH-FOCUSEDDeepsectorexpertisein8coretechverticals☆☆☆LEADER1OO%TECH-FOCUSEDDeepsectorexpertisein8coretechverticals☆☆☆LEADERINMIDMARKETTECHlNVESTMENTBANKINGOnlyindependentboutiqueinglobaltopINDEPENDENTANDPARTNER-LEDanentrepreneurialteamGLOBALREACHLOCALPRESENCESTRONGTRANSACTIONTRACKRECORDOver500transactionscompletedincl.numeroustechlandmarkdealsRECOGNZEDBYTHEINDUSTRY?6xleadershipawardsEXTENSIVEM&AANDCORPORATEFINANCEEXECUTIONSKILLSExecutingawiderangeoftransactionsincludingandCarveOutsdeals2Formoreinformationonrecentawards,consult:and.2*Sources:Pitchbook,M&Aandprivateplacements,Mid-Market.Europe&NorthAmericaareincluded.SELECTEDHRTECHTRANSACTIONSMAJOR1TYMAJOR1TYRECAPura idMAJOR1TYMAJOR1TYRECAPBYc業(yè)c業(yè) DIVEDIVESTUREOFAMACOMTO Hg p MAJORITYMAJORITYRECAPBYINVESTCORP PRIVATEPRIVATEPLACEMENT MAJOR1TYMAJOR1TYRECAPBYPLACEMENTPLACEMENTAconsoaMAJOR1TYRECAPBY AconsoaMAJOR1TYRECAPBY EQUFAXwork皿PLACEMENTAUDACIAONEHIRINGMAJOR1TYMAJOR1TYRECAPBYSGsittercity **IGLOOPLACEMENTswissnx 垂垂verisk **P& 3GLQBALEXPERTISETHLCALPRESENCEJIMHOLZERMANAGNGPARTNERJim.holzergdrakeCHRISTOPHEMORVANMANAGNGPARTNERJIMHOLZERMANAGNGPARTNERJim.holzergdrakeCHRISTOPHEMORVANMANAGNGPARTNERchristophe.mnorvanQdrakestar.comnfRALFPHILIPPHOFMANNMANAGINGPARTNER&MEMBER○FTHEEXCOMralf.hofmanngdrakestar.comnGABYSILVESTRISPARTNERgaby.SIlvestrISQdrakestar.comSTANLEYBEJANSKIASSQCATEstanley.bejanski@drakeSTANLEYBEJANSKIASSQCATEstanley.bejanski@drakestar.comALBERT-LOUISBILGERPRINCIPALalbert-louis.bilger@drakestar.comtPABLOLUNDERSHAUSENVICEPRESIDENTpablo.Iundershausen@drakestar.comMATHILDEDESCHAMPStPABLOLUNDERSHAUSENVICEPRESIDENTpablo.Iundershausen@drakestar.comMATHILDEDESCHAMPSASSQCATEnnathilde.deschamnps@drakestar.com42024CLQSEDTHSTRONGMARKETTRACTIONANDAPPEALIGOUTL○OKFOR2025 5PAYCHEXANNOUNCESACQUISTIONOFPAYCORSALETOPAYCHEX$4,1bn$4,1bnJanuary7th,2025199O1971$736.7ml$5.5bn1JohnJohnGibsonPAYPAYCHExsharepriceDevelopment22,3xEV/LTMEBTDA5.9%sharepriceincreasesincefirstdealrunorsEV/6reportingandevidence-baseddecision-making88sufficientlytransformedtheirrecruitingproreportingandevidence-baseddecision-making88sufficientlytransformedtheirrecruitingprocessesastheseapproachesrequirecontinuouscare,time7ESstrengthenstrengthenthelongmmtermloyaltyofemployees2248MOSTACTVEPE-BACKEDCONSOLIDATORSINHRTECH(2020Q12025)strategicconsolidatorsPEsponsorsDealcountAcquisitions8449MOSTACTIVEPUBLICCONSOLIDATORSINHRTECH(2020Q12025)strategicconsolidatorsDealcountAcquisitions553COVERINGTHEENTIREVALUECHAIN88TalentAcquisition88TalentAcquisitionsourcingRecruitmentMarketingselectionsuite/EngagementonboardingHumanHumancapitalManagementHRIS/payrollBenefitsworkforceManagementcontingentLaborcompensationcompensationDEI/complianceperformance&successionLearning&DevelopmentEmployeeEngagementHRAnalyticsTalentManagementREPRESENTATIVEHRTECHMARKETLANDSCAPESourcingTALENTACQUISITIONHUMANCAPITALMANAGEMENTTALENTMANAGEMENTSourcingRecruitmentMarketingRecruitmentMarketingSelectionSuite/EngagementOnboardingHRIS/PayrollBenefitsWorkforceManagementContingentLaborCompensationCompliancePerformance&SuccessionLearning&DevelopmentEmployeeEngagementHRAnalyticsindeedindeed"stepstonectextioblindAxqnifydocebosjobandtalentPHifvem。Hired_?VISIONNLONEHIRINGwultiverseMEPWINGopptly.criteriavervoecheckrgonfidoomnipresent《REFicrsJobviteLatticeelaomjworkrise:rATOSS影circajobandtalentPHifvem。Hired_?VISIONNLONEHIRINGwultiverseMEPWINGopptly.criteriavervoecheckrgonfidoomnipresent《REFicrsJobviteLatticeelaomjworkrise:rATOSS影circaxactlyhu前anforceorgvueb○staffbase?cultureAmpIGl0OfFlipkudosLLikemindedcitatipnZAYETypeformBWYZE.deputy步GP?:sense?peoplepathe2nwsyP&義zalarisbobsyncHRKGΔAzuredeel,.CAPITALMARKETENVIRONMENTLAST25MONTHSSHAREPRICEPERFORMANCEAprApr》VISIONNL》VISIONNLORaORaclLeATOSS影dayforcePACHEXSagetrineSources:CapitalIQasof31.01.2025(equallyweighted;avg.);(1)AnnouncedtobeacquiredbyPaychexon7.January2025.CAPITALMARKETENVIRONMENTLAST25MONTHSEV/NTMREVENUE8.7x8.7x5.1x4.6x5.1x4.6xAprAprORaclLeATOSS影dayforcePACHEXSagetrineSources:CapitalIQasof31.01.2025(equallyweighted;avg.).CAPITALMARKETENVIRONMENTLAST25MONTHSEV/NTMEBITDA20.0x19.6x18.1x18.1x ORaORaclLeATOSS影dayforcePACHEXSagetrineSources:CapitalIQasof31.01.2025(equallyweighted;avg.).QUARTERLYPERFORMANCEOFDRAKESTARHRTECHINDICESCAPTURINGTHELASTEIGHTQUARTERSQ22024Q12023Q22023Q32023Q22024Q12023Q22023Q32023Q42023Q32024Q42024PriceINDEXPriceINDEX(2)PriceINDEX(2)1)PerformancetodayManagementindexcontinuedtogrowPaylocityincreasingtheirsharepbymorethan20%,reflectingdrivenbytheincreasingadoptionofcloud-basedpayrollsolutionsandlargecompaniesfurtherstreamliningpayrollandtaxfilingservicestomanagement.?TheTalentAcquisitionindexcontinuedUpworkandFiverrshowingimpressive59%and31%sharepricegains,respectively,drivenbystrategicexpansionsintoAI-poweredhiringsolutions,reflectingstrongdemandforfreelanceandflexibleworkforcesolutions.Conversely,ZipRecruiterandEquifaxstruggled,falling-24%and-12%respectively,duetoweakerthanexpectedhiringtrendsanddisappointingearningsreports,reflectingbroadervolatilelabourdemand.DEVELQPMENTOVERTHELASTFURQUARTERS $1oonnlargestfundingroundinQ42024(onpay)28%EuropeanshareofglobaldealmakinginQ42024l48privateplacementsinQ42024 Q12024Q22024Q32024Q4202454M&AtransactionsinQ4202454M&AtransactionsinQ4202447%EuropeanshareofglobaldealmakinginQ42024largestdiscloseddealinQ42024(orkForcesoftware)..NOTABLEHRTECHM&ADEALSINQ42024Dec03,2024EV:n.a.ARDIANpayHumanGroupwasacquiredbyHRpath,withthebackingofitsfinancialsponsorsArdianandSOCGensolutions,streamliningpayroll,taxes,benefits,andworkforcemanagement○ct22,2024EV:$65ompageupwasacquiredbyBPEA,afundofEQTprivatecapitalAsia?Developerofacloud-basedonboarding,performance,successionplanning,andanalyticsexpertisetodriveproductinnovationandacceleratetheglobalexpansionoftalentmanagementsoftware○ct15,2024EV:$1.2onworkForcesoftwarewasacquiredbyADP○ct14,2024XREFEV:$3omxrefLtdwasacquiredbyseek(Humancapitalservices)○ct03,2024HgTPGEV:HgTPGRex+wasacquiredbyvismawiththebackingofitsfinancialsponsorsHgandTPG?Developerofacloud-basedworkforcemanagementplatformintendedtodeliverreal-timeinsightsbackedbypre-packageddomainexpertise?TheacquisitionwillexpandADP'sglobalworkforceofferingandenablefutureresourcestechnologycompanyautomatingrecruitmentchecks,engagementsurveys,andproductofferingstobetteraddresscustomerneedsmanagementsoftwarestreamlinesemployeedata,payroll,attendance,andcompliancetasksportfolioinLatinAmericaandTalentManagement.NOTABLEHRTECHPRIVATEPLACEMENTSINQ42024Benevityraiseddevelopmentfundingfromundisclosedinvestors?Developerofcorporateandemployeeengagementsoftwaredesignedtoempowersociallyconsciousbrandsenhanceclientservices,driveonpayraisedseriesBventurefundingfromcarrickcapitalpartnermanagementandcompliancesoftwaredesignedtoprovidelow-costservicestobusinessesexpandofferingsanddriveimpactfulgrowthforcollectiveHealthraisedventurefundingfromMSANOVOThalamusraisedventurefundingfromsTARTEQUITYVENTUREsandwahedventures?Developerofacloud-basedself-insuranceplatformdesignedtoimprovehealthcareforemployersandtheiremploeestoscaleCollectiveHealth’stechnologyplatform?Developerofacloud-basedplatformdesignedtoprovidegraduatemedicaleducationtrainingprogramsenhancetechnologydevelopment,expandsalesandmarketingeffortsoysterraisedventurefundingfromserviceNOWventures?Developerofadistributedtalentenablementplatformdesignedtomakeitpossibleforcompanieseverywheretohirepeopleanywhereexpandoperationsandthecompany'sdevelopmentTalentManagement.CAPITALMARKETENVIRONMENTLAST25MONTHSSHAREPRICEPERFORMANCEAprAprecrur》VISIONNLSources:CapitalIQasof31.01.2025(equallyweighted;avg.).CAPITALMARKETENVIRONMENTTALENTACQUISITIONEV/REVENUE2025E Median:3.3X3.3XECUIFAX'upwork?VISION八LSources:CapitalSources:Capital.CAPITALMARKETENVIRONMENTTALENTACQUISITIONEV/EBITDA2025E1o.7x1o.7xECUIFAX'upwork?VISION八LSources:CapitalSources:Capital.SELECTEDM&ADEALSINQ42024TALENTACQUISITIONOO○ct16,2024EV:n.a.Dec13,2024EV:n.a.pitchyouwasacquiredbyTalentsconnectwithWhatsAppinterviews,directchat,andcustomizablequestionnairestosimplifyConnect'sapplicantcommunicationanddirect-to-talentrecruitingNOV21,2024EV:n.a.zvooveonlineResultsW司sacquiredbyzvoove,vwiththebackingofitsfinancialsponsorLEApartnersmarketingservices,includingads,socialwithadvancedrecruitmentmarketingandadditionalplatformsNOVO4,2024EV:n.a.careLoopwasacquiredlbyklettGrupperecruitingplatformtoaddresstheshortageof?TheKlettGroupacquiredCareLooptostreamlineintegrationandtackleGermany'sworkforceshortage○ct02,2024EV:n.a.-TalentechverdaneTeamninsidewasacquiredbyB&capitalJobtipTeamninsidewasacquiredbyB&capitalbackingofitsfinancialsponsorverdanerecruitment,connectingbusinesseswithexpertsforshort-andlong-tedigitaltransformationsProductcapabilities,andsupportglobalexpansionrecruitmentplatformmatchingbusinesseswithcandidatesthroughsocialheadhuntingandtargetedcampaigns?TheacquisitionofJobtipstrengthensTalentech's.SELECTEDPRIVATEPLACEMENTSINQ42024TALENTACQUISITION Dec12,20249askableDealsize:$14mAskaoleseriesAventurefundingfromAirtreeventuresparticipantscreening,scheduling,andattendancedemandresearch,investinnewtechnology,andexpandglobaltalenttosupportenterpriseDecO6,2024undisclosedinvestorsDealsize:$11monDienraisedventurefundingfromundisclosedinvestorsstaffingplatformconnectingprofessionalstoflexiblejobopportunitiesstrengthentheplatform'sfeaturesanddrivemarketexpansionDeco5,2024:、::Dealsize:$4mTalentiunnraisedseedfundingfromEQTventuresplatformdesignedtodiscoverandconnectwithsuitablecandidatesexpansionandtofurtherdevelopthenext-generationAI-poweredrecruitmentplatformtogetherwithcustomersODec02,2024Dealsize:n.a.HunteedjoinedLuxembourgmmcitylncubatorplatformintendedtoconnectenterprisesandconsultantstogetherLuxembourgincubatortoaccelerateitsgrowthandsectorNOVO1,2024JobGetDealsize:n.a.JobGetraiseddevelopmentcapitalfromFlowcapitaldiscoveryplatformintendedtofacilitateandsimplifytherecruitmentprocessaccelerateJobGet'splatform,andexpanditsHRtechspace.CAPITALMARKETENVIRONMENTLAST25MONTHSSHAREPRICEPERFORMANCEAprAprAprApr trinedayforcedoceboeSources:CapitalIQasof31.01.2025(equallyweighted;avg.).TALENTMANAGEMENTEV/REVENUE2025EMedian:Median:6.1xPAYCHEXATOSS影doceboeSources:CapitalSources:Capital.SELECTEDM&ADEALSINQ42024HUMANCAPITALMANAGEMENTNOV15,2024snagajobEV:n.a.JobGetsnagAJobwasacquiredbyJobGetwiththebackingofitsfinancialsponsorFlowcapital?SnagAJobdevelopedajobsearchplatformlinkingtalentwithemployersandofferingworkforcemanagementtoolsandenhanceitsservicesNOV12,2024EV:n.a.HgNivimuwasacquiredbysepteowiththebackingofitsfinancialsponsorHg?Developerofcloud-basedhumanresourcessoftwareaimedatdigitizingandstrengthensSepteo'sabilityproductsforlargeenterprises○ct29,2024FingercheckwasacquiredbyEdisonpartners,columbuscapitalandstepstoneGroupofacloud-basedplatformhiring,scheduling,andbenefitsmanagementforFingerCheckwillbeabletousethefundstoexpandoperationanditsdevelopmentefforts○ct21,2024/PERBILITYEV:n.a.perbilitywasacquiredbyRiveancapitalanditsmanagementdesignedforcommercialclientscapabilitiesanddevelopAICapitalsupportingDACHexpansionandmarketgrowthoctO1,2024TRADIFYOaccessHgGICTradifywasacquiredbyAccess,withthebackingofitsfinancialsponsorsHgandGICstreamlinesfieldoperations,invoicing,andscheduling?AccessacquiredTradifytoofferingsandenhancesolutionsfortradesandfield-Sources:Pitchbook,Mergermarket,.SELECTEDPRIVATEPLACEMENTSINQ42024HUMANCAPITALMANAGEMENT Dec31,2024Dealsize:n.a.undisclosedinvestorscajuraisedventurefundingfromundisclosedinvestorsbenefitstrackingplatformintendedtohelpemployeesaccordingtotheirneedsandcompanyrulesscaletechnology,developexpandintoenterprisecustomersDec12,2024Dealsize:$13mHQraisedseriesBventurefundingfromGlobalBrain?Developerofacloud-basedemployeebenefitplatformdesignedtostreamlinemanagementanddistributionofemployeeproductdevelopmentandexpandingservicesDeco4,2024Dealsize:$7momniHRraisedventurefundingfrompicuscapital○ct15,2024Dealsize:$2omElevateraisedventurefundingfromFincapitaloct1o,2024ZEAL(portaseDealsize:$15mzealraisedseriesBventurecapitalfundingfromportageandcohencircleresourceautomationplatformdesignedtolocalizeemployeemanagementservicesexpansionacrosstheAsia-Pacificregionandenhanceitsproductofferings?Developerofacloud-basedplatformdesignedtoprovideemployeebenefits?Thefundswillenhaautomation,andsupportproductdevelopment?Developerofacampaigntrackingplatformdesigned.SELECTEDM&ADEALSINQ42024TALENTMANAGEMENTDec10,2024EV:n.a.TogetherwasacquiredbyAbsorb,withthebackingofitsfinancialsponsorwelsh,carson,Andersonplatformdesignedtomanageandimplementcorporatementorshipprogramsforemployees?TheacquisitionofTogetallowsAbsorbtointegrateaddressinggapsinemployeedevelopment,enhancingengagement,andstrengtheningitsmarketleadershipNOV26,2024EV:n.a.shatokuwasacquiredbyMoneyForwardplatformprovidingemployeebenefitslikediscounts,rentals,andcashbackstrengthensMoneyForward'sofferingsandexpandsitscustomerbaseservices○ct24,2024EV:n.a.talentneurni5investHRForecastwasacquiredbyTalentNeuronwiththebackingofitsfinancialsponsorLeedsEquitypartnersandi5investsoftwareusingAItooptimizestaffing,training,andworkforcestrategies?TalentNeuronacquiredworkforceplanningandgloballabormarketdata,creatinganend-to-endplatformforaddressingfuturetalentandskillsn○cto8,2024careermindsEV:gressionwasacquiredbycareerminds,asubsidiaryofcareer.io○ct02,2024EV:n.a.LLUNAwasacquiredbythatguidescareergrowththroughclearpathways,evaluations,anddevelopmenttrackingCareermindstoenhacareerdevelopmentofferingsthroughAI-driventracking,andupskilling?Developerofaworkplaceanalyticsplatformofferinginsightstoimproveemployeeengagement,performance,andsatisfaction?Theacquisitionenhancesplatform,boostingengagementandworkplace.SELECTEDPRIVATEPLACEMENTSINQ42024TALENTMANAGEMENT AdvantageclubreceivedventurefundingfromAxilorventuresemployeerewardsandrecognitionplatformdesignedtoconnectandbenefitboththebrandsandemployeesenhanceAI-poweredengagementandexpandmarketpresenceTaito.airaisedseedfundingfromAcTaito.airaisedseedfundingfromAccel?DeveloperofanAI-poweredperformanceenablementplatformintendedtoperformancemanagementlifecycleexpandoperationsanditsdevelopmentefforts?DeveloperofanArtIntelligence-poweredvideoanalyticsplatformdesignedtoanalyzeimagesandvideosattheworkplacetomitigateaccidentsCloudtoenhancescalability,efficiency,andaccuracyofitsworkplacesafetysolutionsusingGoogle’sAIandcloudpeopleoneHealthseriesBventurefundingfromGVRankmiraisedseriesBventurefundingfromsoftBankLatinAmericaFund&kayyakventuresbeingmanagementservicesintendedtoenhanceemployeehealthoutcomesandreducehealthcarecostsFlorida,focusonpreventivecare,andscaleoperationswithlocalemployerpartnershipsmanagementplatformdesignedtoautomatehumanresourceprocessesaccelerateRankmi'sgrowth,enhanceproductdevelopment,andexpanditspresenceinMexicoand.katharinavanMeenen-Thetestimonialswithinweregivenbyclients.Thesetestimonialsarenoguaranteeoffutureperformanceorsuccess.Thesearenotpaidtestimonialsandnomaterialconflictsofinterestexistbetweentheperson(s)providingthetestimonialsandDrakeStar.TomshiehThetestimonialswithinweregivenbyclients.Thesetestimonialsarenoguaranteeoffutureperformanceorsuccess.Thesearenotpaidtestimonialsandnomaterialconflictsofinterestexistbetweentheperson(s)providingthetestimonialsandDrakeStar.Thetestimonialswithinweregivenbyclients.Thesetestimonialsarenoguaranteeoffutureperformanceorsuccess.Thesearenotpaidtestimonialsandnomaterialconflictsofinterestexistbetweentheperson(s)providingthetestimonialsandDrakeStar.BriancanneronThetestimonialswithinweregivenbyclients.Thesetestimonialsarenoguaranteeoffutureperformanceorsuccess.Thesearenotpaidtestimonialsandnomaterialconflictsofinterestexistbetweentheperson(s)providingthetestimonialsandDrakeStar.INDUSTRYLEADERSAREFQLLOINGDRAKESTAR'SRESEARCHREPQRTStTheendorsementswithinprovidenoguaranteeoffutureperformanceorsuccess.ThesearenotpaidendorsementsandnomaterialconflictsofinterestexistbetweentheendorsersandDrakeStar...THOROUGHINDUSTRYKNOLEDGETHOROUGHINDUSTRYKNOLEDGEFormoreinformationonrecentawards,consult:and.THOROUGHINDUSTRYKNOLEDGEWow,thisreallyhittheHRtechbullseytechnologyandtalentacquisitionJustdownloadedthereport.Awesomestuff!BeameryiLikernindedTheendorsementswithinprovidenoguaranteeoffutureperformanceorsuccess.Thesearenotpaidendorsements,andnomaterialconflictsofinterestexistbetweentheendorsersandDrakeStar..Past.GFOSMAJORITYRECAPITALIZATIONOFALEADINGPROVIDEROFWORKFORCEMANAGEMENTSOFTAREW1THTHER1VERS1DECOMPANY,ALEADINGGLOBALTECHNOLOGYGROWTHlNVESTORDrakestarDrakestarservices&supportnDrakestarwasselectedinahighlycompetitiveadvisorselectionprocessandactedastheexclusivefinancialadvisortoGFOSanditsshareholdersonthistransactionnDrakestarclearlyhighlightedGFOS'uniquepositionofferingaleadingwFMsolutionwithcomplementaryofferinginMESnAdvisedmanagementonfinancialplanningandhelpeddevelopinternationalgrowthstrategynDrakestarsupportedtheshareholdersthroughthefinalnegotiationsandsecuredtheidealpartnertoscalefuturegrowthwhileexceedingshareholders'financialexpectationsoutconnenDrakestarstructuredandexecutedahighlysuccessfulglobalprocessandidentifiedtheidealpartnerforthecompany'snextgrowthphasenRiversideisaleadingglobaltechnologygrowthinvestorknownforitsextensivetrackrecordinHRTechandB2BSaasnsecond-generationfamilyshareholdersreinvestedasignificantshareoftheirproceeds,underliningtheircommitmenttocontinuesupportingthegrowthandvisionofGFOSnExistingmanagementwillremainintheircurrentpositionstojointlyexecutetheglobalexpansionstrategysituation&objectivesnGFOS,isaleadingproviderofworkforcemanagementsoftware,offeringacomprehensiveandmodularplatformthatenablesend-to-enddigitalizationofworkforcemanagementprocessesworkloadtoaminimumwhileenablingholisticandefficientHRmanagementnAfterthesuccessfulfamilysuccessionin2021,katharinavanMeenen-andIgnacevanMeenentookovertheleadershipnToenterthenextphaseofgrowth,managementshareholdersdecidedtoonboardaglobalgrowthinvestor.Past.VEDAMAJORITYRECAPITALIZATION○FLEADINGGERMANCOREHRSOFTWAREPROVIDERWTHINVESTCORPDrakestarDrakestarservices&supportDrakestarorganizedacompetitiveprocessforVEDAtoselectitspreferredpartnerfromarangeoftoptierfinancialandstrategicinvestorsThedealteamgeneratedextensivetransactiondocumentation,includingacompellingequitystory,afullycomprehensivefinancialmodel,aswellasanelaborationofdifferentgrowthleversforvEDA.VEDA'sleadingpositionasaonestopshopforHRsoftwaresolutionsandservicesformedium-sizedcompanieswithina~$3bnmarketwasclearlyemphasizedandpivotalforthetransactionoutcome.outconnewithInvestcorpasanewinvestor,Drakestarfoundahigh-profilepartnerforvEDA,whichisnowideallypositionedtoemergeastheleadingHRTechplatformforsMESintheDACHregion.Drakestarexecutedahighlyeffectiveprocesswithintheenvisagedtimelineexceedingtheexpectationsoffoundersandmanagement.Managementmadeasignificantre-investment,underscoringtheirdedicationtoleadingandexpandingthebusinessgoingforwardincollaborationwiththenewpartner.INVESTCORPsituation&objectivesVEDAisapioneerintheGermanHRTechMarket,offeringaholisticend-to-endHRsoftwareplatform("VEDAHORIZON")thatenablescustomerstoutilizepayroll,Time&securityandpeopleManagementsolutionswithinoneintegratedsystem.Thecompanycomplementsitsproductofferingbybest-in-classfull-servicepayrolloutsourcing.FoundersandmanagementweresearchingforahighqualitypartnertoaccompanyvEDAinthenextphaseofitsgrowthjourney..Past.ACONSOMAJORITYRECAPITAL1ZATIONOFGLOBALTECHNOLOGYLEADERINHRDQCUMENTMANAGEMENTTHKEENSIGHTCAPITAL Drakestarservices&supportDrakeDrakestarservices&supportDrakestarorchestratedahighlycompetitiveprocessthatenabledaconsotochoosetheirpreferredpartnerfromarangeofrenownedfinancialandstrategicinvestorsclearlyhighlightedaconso'suniquepositionofferingahighlyscalablesolutionattheintersectionoftwofastgrowingmar