Panaya Named Red Herring Top 100 Europe Tech Startup

Amsterdam, Netherlands (PRWEB) June 01, 2011

ERP Upgrades and Test Automation SaaS provider, Panaya, was selected for the Red Herring Top 100 Europe Tech Startup list in an awards ceremony held in Amsterdam, Netherlands.

Red Herrings Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

Panayas software-as-a-service helps companies reduce the cost of running SAP ERP and Oracle EBS by 80% by automating upgrades, testing, and maintenance. Panayas cloud-based supercomputer is the backbone of Panayas SaaS solution, simulating upgrades by running ERP customers custom code on the target release, showing them what will break and what to test. Having helped hundreds of customers like Mercedes-Benz, The Home Depot, Sony, and Bosch on their SAP ERP upgrade and support pack projects, Panaya recently expanded its offering to Oracle EBS customers.

Red Herrings editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the buzz and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.

Were proud and excited to be selected for the Red Herring Europe Tech Startup list, said Yossi Cohen, Panayas CEO. This recognition comes at a time of amazing growth in our customer base and product line. Our latest Test Automation and Oracle EBS R12 Upgrade Automation solutions are quickly penetrating the market and were working hard to keep up with the increasing demand for our solutions.

Choosing the companies with the strongest potential was by no means a small feat, said Alex Vieux, publisher and CEO of Red Herring. After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners. We believe Panaya embodies the vision, drive and innovation that define a successful entrepreneurial venture. Panaya should be proud of its accomplishment, as the competition was very strong.

About Panaya:

Panaya's software-as-a-service helps companies that use SAP or Oracle reduce 80% of their ERP upgrade and testing risk and effort. Utilizing a cloud-based supercomputer, 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.

Panayas 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.

For further information visit the Panaya web site at http://www.panayainc.com.

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Xena Networks Crowned as a Red Herring Top 100 Europe Tech Startup 2011

Copenhagen, Denmark (PRWEB) June 02, 2011

At an awards ceremony in Amsterdam last week, Xena Networks won a place on Red Herrings prestigious Top 100 Award which recognizes the leading private companies from Europe, celebrating these startups across their respective industries.

Were extremely proud of this achievement, says Jacob Nielsen, CEO at Xena Networks. Its a huge challenge to be successful in the current financial climate, so to make it into Red Herrings Top 100 is a great accolade for everyone at Xena Networks whove worked so hard the last 12 months.

Red Herrings Top 100 Europe list has become a mark of distinction for identifying new companies and entrepreneurs such as Facebook, Twitter, Google, Skype, YouTube, and eBay would change the way we live and work.

Choosing the companies with the strongest potential was no small feat, said Alex Vieux, publisher and CEO of Red Herring. Xena Networks embodies the vision, drive and innovation that define a successful entrepreneurial venture. Xena can be proud of its accomplishment, as the competition was very strong.

Following the Frost & Sullivan award we won last year, the Red Herring award confirms we are on the right path, says Jacob Nielsen.

"We are maintaining our focus on being industrys de-facto provider of 'value' L2-L3 gigabit Ethernet test equipment, but with a view to emerging as a leader in the upcoming 40/100G market. Product development will continue to be user-driven and we are now expanding Xenas activities geographically to include the BRIC region and an even more active presence in the US."

About Xena Networks

Founded in 2007 and based in Denmark, Xena develops affordable, easy-to-use, and flexible L2-L3 gigabit Ethernet test solutions. The company markets its award-winning products through an international network of sales partners and has a series of strategic technology partnerships. Its success is based on offering value for money with free software and free tech support, being highly responsive to customer demands while developing state-of-the-art features for the emerging 40/100GigE test market. For more information, please visit: http://www.xenanetworks.com

Or contact:

Christopher Lind Arlaud

VP Marketing

Xena Networks

Graabroedretorv 6, 3. sal

1154 Copenhagen K

Denmark

Phone: +45 30 20 50 46

cla(at)xenanetworks(dot)com

http://www.xenanetworks.com

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Mobile Madness! "Cash Glut!" Corum Group to Present November 2011 Tech M&A Monthly Report

Seattle, Washington (PRWEB) November 02, 2011

Corum Group, the international leader in software and technology merger and acquisition services, is proud to announce its next exclusive monthly web event, Mobile Madness + Cash Glut + Japans Buying! on November 3, 2011, at 1 p.m. EDT. Alan Gould of Westlake Software will join Corum panelists as a guest analyst, reporting on the mobile space. Other guest panelists include Vijay Tella of Qik, which sold to Skype, and Jonas Gyllensvaan of Conceivium, which sold to Fixmo, to discuss the sales of their mobile software companies.

Corums monthly Tech M&A web events always feature the Corum Index, a discussion on current trends and business valuations in the tech M&A sector, with information broken down into 6 market segments and 26 separate sub-categories. This allows executives from every field to see specifically where their company is trending with up-to-the-moment statistics. The Corum Index discussion features Corum's own research team, who measure recent M&A activity against long-term trends, and offer insight on what to expect in coming months.

The web event will end with a Q&A session, including members of the seller's panel, so that attendees can get information directly from the source. Participants are welcome to send in their questions via Webex, as Corum researchers and deal makers will also participate, providing an excellent opportunity for those hesitant about M&A to find out how to get started, and what trends to bet on. Questions that are not answered during the web event will be responded to via personal contact afterward.

This web event will be broadcast live on November 3, 2011, starting at 1 p.m. EST. Participants are encouraged to register early, as space is limited. Two rebroadcasts for European and Asian audiences are scheduled for November 10, at 3:30 a.m. and 11:30 a.m. EST.

Registration for the November Tech M&A Monthly webinar is free of charge, but space is limited. To register, visit https://mergersandacquisitions.webex.com

About Corum Group

With headquarters in Seattle and Zurich, Corum Group has completed more Tech M&A transactions than anyone other M&A firm globally. As a tech M&A leader, Corum also sponsors more than 100 educational events for tech executives every year, and has hosted seminars on building value and tech M&A in 32 countries.

Corum Group has recorded hundreds of transactions and has helped generate billions of dollars in wealth. Corums primary deal-makers are all former software CEOs, and insure more smooth mergers and acquisitions processes than any other M&A advisors. From Silicon Valley to Seattle to international deals across Europe and in Asia, the totality of the merger and acquisition process, are within the purview of Corum's M&A advisers.

About Corum Web Events

Corum Group hosts a monthly webinar featuring up-to-date content and statistics reflecting both the M&A market of the last month, and perspective on where it is going. Webinars feature guest speakers, including acquisition executives from companies like Google, Microsoft, and HP, as well as private equity investors, and executives from recently acquired companies. Regular segments on Corum's web events also include the Corum Index, an overview of the tech industry with an eye on tech M&A and business valuation trends, panel discussions, and Q&A.

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