Panaya
HQ: Menlo Park, Calif.
CEO: Yossi Cohen
New Funding: $16 million
Round: D
Backers: Battery Ventures, Benchmark Capital, Hasso Plattner Ventures, others
An emerging player in the ERP testing and upgrade automation world is Panaya, which offers an all-SaaS solution to provide visibility and control over how business applications change during a systems' lifecycle. Most of Panaya's 850 customers are SAP customers, the company says, but since introducing a version of its platform for Oracle's E-Business Suite, it now has more than 100 Oracle customers, too.
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