<s>
Panaya	B-Application
a	O
global	O
technology	O
company	O
based	O
in	O
Hod	O
Hasharon	O
,	O
Israel	O
.	O
</s>
<s>
It	O
specializes	O
in	O
SaaS	B-Architecture
(	O
Software	B-Architecture
as	I-Architecture
a	I-Architecture
Service	I-Architecture
)	O
Change	O
impact	O
analysis	O
and	O
cloud-based	B-General_Concept
testing	I-General_Concept
for	O
packaged	O
applications	O
,	O
focusing	O
on	O
Enterprise	O
Resource	O
Planning	O
(	O
ERP	O
)	O
and	O
Customer	O
Relationship	O
Management	O
(	O
CRM	O
)	O
software	O
systems	O
.	O
</s>
<s>
Panaya	B-Application
was	O
founded	O
in	O
2006	O
as	O
ChangeSoft	O
Technologies	O
by	O
entrepreneur	O
Yossi	O
Cohen	O
.	O
</s>
<s>
A	O
first	O
patent	O
on	O
Panaya	B-Application
's	O
technology	O
was	O
published	O
in	O
2009	O
,	O
followed	O
by	O
a	O
continuation	O
in	O
2012	O
.	O
</s>
<s>
In	O
2010	O
,	O
shares	O
of	O
Tamares	O
Group	O
,	O
a	O
private	O
equity	O
investment	O
firm	O
based	O
in	O
Vaduz	O
,	O
Liechtenstein	O
,	O
were	O
acquired	O
by	O
Panaya	B-Application
as	O
part	O
of	O
fundraising	O
round	O
.	O
</s>
<s>
In	O
2012	O
,	O
CGI	O
Group	O
,	O
a	O
Canadian	O
multinational	O
information	O
technology	O
(	O
IT	O
)	O
consulting	O
company	O
,	O
announced	O
the	O
launching	O
of	O
a	O
new	O
Panaya	B-Application
Practice	O
.	O
</s>
<s>
In	O
2013	O
and	O
2014	O
,	O
Panaya	B-Application
laid	O
off	O
around	O
20%	O
of	O
the	O
company	O
.	O
</s>
<s>
In	O
June	O
2014	O
,	O
Deloitte	O
and	O
Panaya	B-Application
announced	O
an	O
agreement	O
to	O
provide	O
Oracle	B-Application
E-business	I-Application
Suite	I-Application
customers	O
the	O
ability	O
to	O
reduce	O
the	O
cost	O
and	O
risk	O
of	O
application	O
change	O
projects	O
.	O
</s>
<s>
In	O
February	O
2015	O
,	O
Infosys	O
announced	O
the	O
acquisition	O
of	O
Panaya	B-Application
for	O
a	O
reported	O
$	O
200million.As	O
part	O
of	O
a	O
few	O
strategic	O
moves	O
to	O
pivot	O
the	O
company	O
,	O
in	O
2017	O
Panaya	B-Application
launched	O
Test	O
Dynamix	O
,	O
an	O
end-to-end	O
smart	O
test	O
management	O
platform	O
for	O
ERP	O
and	O
Enterprise	O
Package	O
Applications	O
that	O
enables	O
seamless	O
collaboration	O
between	O
IT	O
and	O
Business	O
teams	O
.	O
</s>
<s>
In	O
2019	O
,	O
Panaya	B-Application
expanded	O
its	O
portfolio	O
to	O
support	O
Salesforce	O
market	O
with	O
the	O
launch	O
of	O
the	O
product	O
ForeSight.In	O
June	O
2019	O
the	O
company	O
appointment	O
David	O
Binny	O
as	O
CEO	O
.	O
</s>
<s>
In	O
2021	O
,	O
Panaya	B-Application
release	O
Change	O
Intelligence	O
Platform	O
,	O
SaaS	B-Architecture
platform	O
that	O
shows	O
organizations	O
the	O
impact	O
of	O
every	O
upgrade	O
,	O
updates	O
or	O
added	O
feature	O
on	O
their	O
ERP	O
or	O
CRM	O
,	O
Such	O
as	O
of	O
SAP	B-Application
,	O
Oracle	B-Application
E-Business	I-Application
Suite	I-Application
and	O
Salesforce	O
systems	O
.	O
</s>
<s>
In	O
2022	O
the	O
company	O
launched	O
Change	O
Analysis	O
add-on	O
to	O
enhance	O
the	O
Panaya	B-Application
Test	O
Dynamix	O
solution	O
with	O
AI-Powered	O
capability	O
that	O
optimizes	O
testing	O
cycles	O
and	O
mitigate	O
risks	O
.	O
</s>
<s>
In	O
2022	O
,	O
Panaya	B-Application
appoints	O
Beatriss	O
Kovernaig	O
as	O
new	O
CPO	O
and	O
Tal	O
Arnon	O
as	O
new	O
VP	O
of	O
R&D	O
.	O
</s>
<s>
Gemini	O
Partners	O
and	O
Benchmark	O
Capital	O
were	O
the	O
first	O
investors	O
to	O
fund	O
Panaya	B-Application
with	O
$5million	O
in	O
April	O
2006	O
.	O
</s>
<s>
In	O
August	O
2009	O
,	O
Panaya	B-Application
secured	O
$5million	O
funding	O
in	O
a	O
series	O
B	O
investment	O
round	O
led	O
by	O
Tamares	O
Group	O
with	O
the	O
participation	O
of	O
Benchmark	O
Capital	O
.	O
</s>
<s>
In	O
September	O
2010	O
,	O
HPV	O
,	O
the	O
venture	O
capital	O
fund	O
of	O
Hasso	O
Plattner	O
,	O
co-founder	O
of	O
SAP	B-Application
AG	I-Application
,	O
invested	O
$6million	O
in	O
exchange	O
for	O
company	O
's	O
stakes	O
.	O
</s>
<s>
In	O
2013	O
,	O
the	O
existing	O
investors	O
,	O
in	O
a	O
series	O
D	O
funding	O
round	O
led	O
by	O
Battery	O
Ventures	O
and	O
joined	O
by	O
Benchmark	O
Capital	O
and	O
HPV	O
,	O
injected	O
an	O
additional	O
$16million	O
into	O
Panaya	B-Application
.	O
</s>
<s>
In	O
January	O
2015	O
,	O
Panaya	B-Application
secured	O
$20million	O
funding	O
in	O
a	O
series	O
E	O
investment	O
round	O
led	O
by	O
Israel	O
Growth	O
Partners	O
.	O
</s>
