September 20, 2014 9:12 PM ET

Internet Software and Services

Company Overview of Panaya Ltd.

Company Overview

Panaya Ltd. provides cloud-based quality management solutions for enterprise applications. Its quality management cloud specializes in change impact simulation, automated code remediation, collaborative test management, collaborative test execution, and ALM integrations. The company’s Software-as-a-Service solutions enable companies to save their information technology applications lifecycle costs and minimize the risks associated with system changes. Its Software-as-a-Service solutions serve various customers worldwide, including ERP and CRM-run companies. Panaya Ltd. was formerly known as ChangeSoft Technologies. The company was founded in 2005 and is based in Ra'anana, Israel.

14 Hacharoshet Street

Ra'anana,  4365707

Israel

Founded in 2005

Phone:

972 9 761 8000

Fax:

972 9 746 7901

Key Executives for Panaya Ltd.

Chief Executive Officer
Age: 54
Founder and Director
Chief Financial Officer
Chief Technology Officer
Vice President of Human Resources
Compensation as of Fiscal Year 2014.

Panaya Ltd. Key Developments

Deloitte and Panaya Enter Strategic Alliance to Accelerate Oracle EBS Upgrades and Deployments

Deloitte and Panaya announced a strategic alliance to give Oracle E--Business Suite customers the power to create more business impact by reducing the cost and risk of application change projects, without compromising on stability or quality. Many Oracle E--Business Suite implementations involve custom code and dependencies with other enterprise applications, making it time and labor intensive to find and fix issues triggered by upgrades, patches, customizations, rollouts and application changes. Deloitte will use the Panaya Quality Management Cloud to help its clients accelerate their testing activities, deployments, and overall project delivery.

Panaya Launches Quality Management Cloud SaaS Solution to Ensure Quality of Enterprise Applications

Panaya launched the Quality Management Cloud, a new SaaS solution which ensures quality of enterprise applications. Enterprise applications, such as ERP and CRM, are extremely complex but critical to business success. Implementing safe and timely change to these applications is a constant challenge for many organizations. The Panaya Quality Management Cloud addresses this concern for SAP, Oracle E-Business Suite and Salesforce customers by providing a uniquely simple solution that combines change impact simulation, code remediation, and collaborative testing tools for IT and the business. Panaya's Quality Management Cloud is driven by 'Cloud Wisdom,' a big data analytics engine which captures, analyzes and identifies patterns across millions of IT activities to provide users with best practices harnessed from the industry. With Panaya's cloud-based engine, businesses are able to accelerate application change by leveraging the knowledge from organizations with similar experiences and projects. This provides businesses with a competitive advantage, giving them the resources to innovate while allowing for faster application changes and reduced maintenance costs. The new Quality Management Cloud extends Panaya's offering by: supporting cloud applications, enabling Salesforce professionals to manage change quickly and easily; extending its support to cover a hybrid cloud landscape; and expanding Panaya's Collaborative Testing to include more systems like Oracle E-Business Suite, enabling Oracle shops to overcome key test management and test execution challenges.

Panaya Announces Chief Executive Officer Changes

Panaya announced the appointment of Doron Gerstel as Chief Executive Officer (CEO). Gerstel has extensive experience in introducing and creating category-leading technologies in the market for both venture-backed startups and established leading enterprises. Prior to CA Technologies, Gerstel was the Chief Executive Officer for Nolio Ltd. Gerstel succeeds Yossi Cohen, who will continue to serve on the company's board of directors.

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