Karlsruhe, Germany (PRWEB UK) 3 December 2013
Panaya (http://www.panaya.com), the leading ERP maintenance automation provider, today announced that it ranked Number 13 on the Deloitte Technology Fast 500 EMEA 2013, a ranking of the 500 fastest growing technology companies in Europe, the Middle East, and Africa.
Rankings are based on percentage revenue growth over five years. Panaya’s revenue grew by more than 7500 percent between 2008 and 2012. Overall, companies that ranked on the Deloitte Technology Fast 500 EMEA 2013 programme had an average growth rate of 1,403 percent.
Yossi Cohen, CEO and Founder of Panaya said: “We are delighted to win this award – which validates our position as one of the fastest growing technology companies in Europe, the Middle East and Africa. It demonstrates our unwavering commitment to innovation, technical excellence, and global expansion. We are grateful to our customers, partners, and staff across the world for helping us achieve this remarkable accomplishment.”
“Being one of the 500 fastest growing technology companies in EMEA is an impressive accomplishment. We commend Panaya for making the Deloitte Technology Fast 500 EMEA with a phenomenal 7500 percent growth rate over five years,” said David Halstead, Deloitte United Kingdom and partner in charge of the Deloitte Technology Fast 500 EMEA programme.
Panaya's software-as-a-service helps companies that use SAP or Oracle reduce 70% of their upgrade and testing risk and effort. Panaya simulates the upcoming upgrade, automatically pinpointing which custom programs will break as a result of the upgrade and automatically ﬁxing most of these problems. Panaya's testing solutions dramatically expedite ERP testing and eliminate the need for manual test script maintenance. Seamlessly capturing business knowledge in the background, as users work with the ERP applications, Panaya automatically generates plain-English test scripts that are rapidly executed and continually self-adjust based on test results.
Panaya serves more than 1,000 customers in over 60 countries worldwide through its offices in the USA, Germany, Israel and Japan.
About Deloitte Technology Fast 500™ EMEA
The Deloitte Technology Fast 500 EMEA programme is the region’s most objective industry-ranking to focus on the technology field, recognizing technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Ciklum, a leading supplier of technical personnel and teams, software development and agile business consulting to high growth companies, Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneurs with aspiration for greatness in the IT and clean technology sectors across Europe, Silicon Valley Bank, the premier bank for technology, life science, private equity and premium wine businesses and Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow. More information on the programme and prior year winners is available on http://www.deloitte.com/fast500emea.
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