Panaya Raises $5M
Menlo Park-based Panaya, which develops software-as-a-service for automating SAP upgrades, reported Tuesday that it has raised $5M in a Series B funding round. The round was led by Tamares, and also included Benchmark Capital. Panaya said the funding will go to expand sales, marketing, and product development. Panaya had raised $5.0M from Benchmark in 2006. The firm also has offices in Israel, where the firm was founded.
posted on Tuesday, August 4, 2009 (Link to more information)
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