| Panaya, SAP Upgrade Automation Leader’s Sales Surge Continues as Q1 Sales Double |
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(Menlo Park, California, 22 April, 2009) Leading provider of SAP upgrade automation tools, PanayaTM, has seen its Q1 sales double, compared to Q4 Y08, in line with its doubling of sales quarter on quarter for the past twelve months. Amidst the current challenging economic situation, Panaya reported that SAP customers are more interested than ever in cutting their SAP upgrade costs in order to stay on track with their IT maintenance plans while keeping costs under control.
The company has managed to not only realize exponential sales growth but also to build a reputable client roster consisting of companies ranging from small to large and including well-known names like Bosch, Bank of Ireland, GSK, Steelcase, Volvo, PricewaterhouseCoopers, and Sony. Many of these sales were secured directly by Panaya, while others were facilitated through Panaya's fast-growing community of leading integration partners which includes names such as Capgemini, LogicaCMG, and Siemens. The company recently realized an important expansion goal into new territories when it chose ISID as a business partner for the Japanese market, allowing Panaya to offer its solutions to the highly demanding Japanese market, known for its scrutiny for bottom line impact and service level, by cooperating with a strong local partner like ISID. "We are delighted with the fast adoption of Panaya by so many SAP customers and integration partners," Yossi Cohen, Panaya's CEO, commented, "SAP system managers are discovering the automated upgrade revolution, pioneered by Panaya, which allows them to cut costs by up to 50% while reducing related risks and uncertainties. By now, we've come to expect reactions of amazement from customers, as they see thousands of testing and development hours disappear from their SAP upgrade project plan." Privately held and backed by leading venture capital firms, such as Benchmark Capital, Panaya would not disclose exact sales figures. Panaya will be demonstrating its latest upgrade automation products and conducting scheduled education sessions at the upcoming SAPPHIRE 2009 show in Orlando, Florida, 11-14 May. About Panaya: Established in 2006, Panaya Inc. provides software tools that save SAP customers up to 50% of their software upgrade and maintenance costs, while minimizing risks and proving clear ROI. Provided as Software as a Service (SaaS), Panaya's SAP environment 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. For further information contact Susan Sullivan at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 617-875-6256 or visit the Panaya web site at http://www.panayainc.com/. SAP is a registered trademark of SAP AG. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. |
