Product Code Database
Panaya is a global technology company based in Hod Hasharon, Israel. The company is a subsidiary of Infosys, and has offices in North America, Europe and Japan.
Panaya, Duns 100International 2021, Dun&Bradstreet Israel, 2021 It is a SaaS (software as a service) based company offering change impact analysis and Cloud testing for packaged applications, focusing on enterprise resource planning (ERP) and customer relationship management (CRM) software systems.
In 2012, CGI Group, a Canadian multinational information technology (IT) consulting company, announced the launching of a new Panaya Practice. In 2013 and 2014, Panaya laid off around 20% of the company. In June 2014, Deloitte and Panaya announced an agreement to provide Oracle E-business Suite customers the ability to reduce the cost and risk of application change projects. In February 2015, Infosys announced the acquisition of Panaya for a reported $200 million. As part of a few strategic moves to pivot the company, in 2017 Panaya launched Test Dynamix, an end-to-end smart test management platform for ERP and Enterprise Package Applications that enables seamless collaboration between IT and Business teams. Panaya Test Dynamix In 2019, Panaya expanded its portfolio to support Salesforce market with the launch of the product ForeSight. Panaya ForeSight In June 2019 the company appointment David Binny as CEO. In 2021, Panaya release Change Intelligence Platform, SaaS platform that shows organizations the impact of every upgrade, updates or added feature on their ERP or CRM, Such as of SAP, Oracle E-Business Suite and Salesforce systems. Change Intelligence Platform In 2022 the company launched Change Analysis add-on to enhance the Panaya Test Dynamix solution with AI-Powered capability that optimizes testing cycles and mitigate risks. In 2022, Panaya appointed Tal Arnon as new VP of R&D and in 2023 they appointed Stav Grinshpon as the new CPO.
In 2013, the existing investors, in a series D funding round led by Battery Ventures and joined by Benchmark Capital and HPV, injected an additional $16 million into Panaya. In January 2015, Panaya secured $20 million funding in a series E investment round led by Israel Growth Partners. The company has raised $59 million to date.
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