Panaya

(Menlo Park, California, 13 April, 2009) Leading provider of SAP upgrade automation tools, Panaya^TM, announced today that it has chosen ISID as a business partner for the Japanese market. According to the agreement, ISID will promote, market, sell, and service Panaya's products in Japan, targeting SAP end users as well as local system integrators.

Founded in 2006, Panaya is becoming increasingly recognized as the leading provider of automation tools which help SAP customers save as much as 50% of their enterprise software upgrade and maintenance costs. ISID is a leading Japanese IT service provider focused on consulting, planning, system integration, outsourcing services, and software sales for leading companies in the manufacturing, financial, and other industries, with a workforce of 2,000 and annual revenues topping $700 million.

Yossi Cohen, Panaya's CEO, commented on the agreement, "After getting off to a fantastic start in Europe and North America with overwhelming customer feedback, we are excited to be able to offer Panaya's solutions to the highly demanding Japanese market, known for its scrutiny for bottom line impact and service level, by cooperating with a strong partner like ISID. We are confident that ISID's experience and positioning will ensure our customers receive the best support and service possible while accelerating Panaya's market presence in Japan."

Shigehiro Kotani, ISID's senior executive officer and director added, "We are thrilled to be able to offer Panaya's innovative products to the Japanese market. Panaya's products will help grow ISID's enterprise solutions business while upholding our commitment to our customers to always provide them with the most advanced IT solutions available, allowing them to increase their productivity and experience significant cost savings."

Through the newly forged agreement, Panaya hopes to boost its business in Japan by using ISID's strong reputation and established market presence to approach both SAP customers and system integrators who can benefit from Panaya's cost-saving product offering.

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 Amit Bendov at This e-mail address is being protected from spambots. You need JavaScript enabled to view it   or +972-9-7618003 or visit the Panaya web site at http://www.panayainc.com/.

About ISID

Established in 1975, Information Services International-Dentsu, Ltd., (ISID) launched Japan's first private computer time-sharing services and has since been offering several advanced services for international networks. ISID provides 3D CAD systems, analytical software and PDM (Product Data Management) systems for supporting concurrent engineering in development, design, and production. In 1994, in collaboration with Dentsu Inc., ISID began providing information systems for corporate advertising, public relations, and sales promotions. In 1995, ISID joined up with Netscape Communications Corporation to build systems that utilize multimedia databases for commercial applications on the Internet. In this and other endeavors, ISID has focused its resources on system environment maintenance as a means of nurturing electronic commercial ventures and improving the efficiency of corporations' internal and external communications.