Panaya
 Panaya  (Tech company)    | |
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Panaya, a subsidiary of Infosys, is a global technology company based in Hod Hasharon, Israel.
Panaya has offices in North America, Europe and Japan.
Software specialist
Panaya specialises in SaaS (Software as a Service), Change impact analysis and cloud-based testing for packaged applications, focusing on Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) software systems.
Acquired by Infosys
In February 2015, Infosys unveiled that it had acquired Panaya for an enterprise value of $200 million, paid in cash. For the Indian-based giant, it is the second largest acquisition since it purchased Swiss-based consulting company Lodestone in 2012 for around $350 million. With the move, CEO Vishal Sikka is betting big on automation, design thinking, cloud and artificial intelligence, services offerings which form a key part of Panaya’s portfolio.
“The acquisition of Panaya is a key step in renewing and differentiating our service lines. This will help amplify the potential of our people, freeing us from the drudgery of many repetitive tasks, so we may focus more on the important, strategic challenges faced by our clients. At the same time, Panaya’s proven technology helps dramatically simplify the costs and complexities faced by businesses in managing their enterprise application landscapes.”[1]
CloudQuality suite
The CloudQuality suite of Panaya will allow Infosys to bring automation to several of its service lines through agile Software as a Service (SaaS) model, and helps mitigate risk, reduce costs and shorten time to market for clients. Doron Gerstel, CEO of Panaya, adds:
“We are excited about leveraging Infosys’ global reach, service footprint and broad customer base to deliver compelling, simplifying, value to clients. I am confident this integrated proposition will uniquely position Infosys as the services leader in the enterprise application services market.”[2]
References
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