Panaya offers a cloud-based SaaS platform that simulates ERP upgrades, pinpoints which custom programs will break, and automatically fixes many issues while generating and executing plain-English test scripts. The product targets SAP and Oracle E-Business Suite customers and claims to reduce 70% of upgrade and testing risk and effort. The company leverages a cloud-based "supercomputer" to accelerate testing and eliminate manual test script maintenance. Panaya has crossed the 850-customer mark, with most customers on SAP and over 100 customers using its Oracle EBS solution. The company is pursuing an aggressive growth strategy, using new funding to expand marketing and sales, invest in product development, support additional packaged applications, and consider inorganic growth opportunities. As part of expansion it opened regional offices in Saddle Brook, New Jersey; Karlsruhe, Germany; and Tokyo, Japan. Panaya provides a cloud-based SaaS platform that automates upgrades for ERP applications, primarily SAP with planned support for Oracle. Its web app identifies errors that will occur as a result of an upgrade, automatically corrects certain issues, creates test plans, and estimates project budgets. The service is designed to reduce application lifecycle costs for companies undergoing ERP upgrades. Panaya reports customers including Bosch, The Home Depot, Mercedes‑Benz, Shell, Sony, and Volvo. The company plans to extend the service to Oracle E-Business Suite users in 2011. Financially, Panaya announced a $6 million injection from Hasso Plattner Ventures. Panaya provides a cloud-computing Software as a Service that automates SAP maintenance projects and upgrades. Its platform shows which custom SAP programs will break as a result of an upgrade, explains how to fix them, derives the most efficient test plan and calculates the required budget and resources for the project. The company raised $7M in a Series C funding round to support its growth. Proceeds are intended to hire product development, sales, and marketing professionals to continue global expansion. Panaya is based in Menlo Park, California and also operates offices in Raanana, Israel. The company previously raised a funding round led by Benchmark Capital and the Tamares Group.

Total raised

$29M

Funding rounds

3

Latest round

Series D

Latest activity

Jan 2013