Panaya Obtains $6,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=83460edf-3d65-43d5-af9e-1a84b37b2eaf&Preview=1
Date
9/21/2010
Company Name
Panaya
Mailing Address
2480 Sand Hill Road Menlo Park, CA 94025
Company Description
Panaya is a solution for SAP business analysts and implementers, which significantly reduces the time, costs and risks involved in SAP implementation, maintenance and upgrade.
Website
http://www.panayainc.com
Transaction Type
Venture Equity
Transaction Amount
$6,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The venture capital firm, together with existing investors Benchmark Capital and Battery Ventures will buy Tamares Group’s stake in the company.
M&A Terms
Venture Investor
Hasso Plattner Ventures