Panaya catches $5M for SAP upgrades
Panaya, maker of service software that automates SAP upgrades, has raised $5 million in a second round of funding from Tamares and Benchmark Capital. The Menlo Park, Calif. company says it will use the new money to expand its sales and marketing operations and continue product development, reports VentureWire.
In order to smooth upgrade processes for systems applications and products, Panaya says it anticipates problems that can arise during upgrades and stakes out corrections.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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