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SADDLE BROOK, N.J., May 5, 2014 /PRNewswire/ -- Panaya announced today that it has been selected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.
"The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States' entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.
As the leader of cloud-based quality management solutions, Panaya is dedicated to ensuring continuous quality for enterprise applications, offering its unique "Wisdom of the Cloud" technology. Delivering safe and timely change in enterprise applications is a constant challenge. Nearly 70 percent of change effort is dedicated to ensuring that application change won't break the business. Panaya's Quality Management Cloud reduces this effort by 50 percent or more. Panaya's SaaS solution combines change impact simulation, code remediation, and collaborative testing for SAP, Oracle E-Business Suite and Salesforce customers, supporting both IT and the business.
Panaya's install base includes more than 1,000 customers, a third of which are Fortune 500 customers. Adding to that the ease of use of Panaya's Quality Management Cloud, which eliminates any installation, training or updates, Panaya has become a close partner of enterprise IT organizations, allowing them to scale performance and deliver faster with less risk.
Finalist selections for the 2014 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size and rapid market expansion, investor record, customer acquisition, exemplary sales models and financial health. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award.
Panaya CEO Doron Gerstel will be presenting at the Finalists Day, where nominees are asked to present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 14 to 16, 2014. "Panaya is proud to participate in the Red Herring Top 100 North America award as a finalist," said Gerstel. "Our promise is to continue to deliver technology innovation that changes the game for IT organizations striving to excel at rapid business changes."
The Top 100 winners will be announced at a special awards ceremony at the event on May 16.
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Panaya ensures the continuous quality of enterprise applications, enabling companies to be more agile in addressing constant change. Delivering safe and timely change in enterprise applications is a constant challenge. Nearly 70 percent of change effort is dedicated to ensuring that application change won't break the business. Panaya's Quality Management Cloud reduces this effort by 50 percent and more. Our Quality Management Cloud offers a uniquely simple solution for SAP, Oracle, and Salesforce customers. It combines change impact simulation, code remediation and collaborative testing tools for IT and the business. And it continuously analyzes millions of project activities executed in Panaya's cloud, empowering clients with best practices derived from real-life experience. We call this "Cloud Wisdom." More than 1,000 organizations, including a third of the Fortune 500, use Panaya to scope and accelerate the delivery of enterprise application change, whether big or small, IT or business-driven. They enjoy projects that are at least 50 percent leaner, giving them the time and freedom to deliver more innovation - without compromising on stability or quality. For more information, read our blog, visit our website and follow @panaya on Twitter.
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