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Panaya Accepts $5 Million Series B Venture Capital

Thursday, August 06, 2009 5:51:00 AM PDT | VentureDeal Staff

Menlo Park, California  --  IT company Panaya has garnered $5 million in its second round of institutional venture capital financing.

Panaya provides a solution for SAP business analysts and implementers which the company says reduces the time and costs for SAP applications.

Investors in the round included Benchmark Capital and other undisclosed investors. The company did not disclose how the funding proceeds would be used.

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