Panaya catches $5M for SAP upgrades

Panaya, maker of service software that automates SAP upgrades, has raised $5 million in a second round of funding from Tamares and Benchmark Capital. The Menlo Park, Calif. company says it will use the new money to expand its sales and marketing operations and continue product development, reports VentureWire.

In order to smooth upgrade processes for systems applications and products, Panaya says it anticipates problems that can arise during upgrades and stakes out corrections.

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