Panaya

It's with great pleasure that Panaya announces that Mr. Udi Ziv will be joining Panaya's board of directors. Mr. Udi Ziv currently serves as Chief Product Officer at NICE systems, a position he has held since October 2008.

Prior to joining NICE, Mr. Ziv held several senior executive positions with SAP AG from 2001 until 2007. Those positions included General Manager of SAP's Small Business Solutions; Managing Director of SAP Labs Israel; and Vice President responsible for the research & development of the SAP Portal product.

Before joining SAP, Mr. Ziv was one of the original members and head of the global R&D team at
Top Tier Software, a leading enterprise portal company which was acquired by SAP in 2001. "I am excited to have Mr. Ziv as a board director." Said Yossi Cohen founder & CEO of Panaya "Udi's track record in scaling TopTier through its acquisition by SAP and his in-depth familiarity with SAP and its market brings a tremendous contribution to a company like Panaya."

"Panaya brings unique value to the SAP install base, revolutionizing their approach to upgrades, and significantly reducing their TCO." Said Udi Ziv "Panaya is adding new customers at an incredible pace, and I am very happy to be able to bring my experience to play, helping Panaya become an even more successful company."

Panaya provides a unique Software as a Service (SaaS) for companies who use SAP to run their operations. Using Panaya's patented supercomputer technology SAP professionals can negotiate version upgrades with minimal risk and cost. Panaya's simulation 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. Panaya was founded in 2006 and serves SAP customers around the world.