Market Overview

Panaya Named Finalist in 2018 SaaS Awards for Best Enterprise-Level SaaS Product

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Recognized by International Software Program for its Enterprise Agile
Delivery (EAD) platform, Panaya Release Dynamix

Panaya,
the leader in SaaS-based testing and continuous delivery platforms for
SAP, Oracle and Salesforce.com, today announced it has been named a
finalist for the 2018 SaaS
Awards
 Program in the "Best Enterprise-Level SaaS Product" category
for companies based outside of the United States. Now in its third year
of recognizing and celebrating innovation in software, the Software-as-a-Service
Awards
program awards businesses for excellence and innovation in
SaaS.

"Panaya was established over 10 years ago with the vision to help
enterprise organizations better manage and introduce change to
business-critical applications. As the industry developed and digital
transformation shaped the pace of change, we have continued to refine
and develop our solution, enabling the enterprise to approach change
with agility," said Rafi Kretchmer, chief marketing officer at Panaya.
"Through our modern approach to Application Lifecycle Management, Panaya
has eliminated the need for heavy, on-premises applications so that
organizations can deliver change and meet their own customer demands and
expectations."

"All entrants demonstrated a considerable commitment to innovation in
software solutions, and the finalist status itself is a huge
achievement. With such a concentrated level of success in the shortlist,
our judges have a significant task ahead of them to arrive at our final
award winners," said SaaS Awards and Cloud Awards organizer, Larry
Johnson.

Panaya is recognized for its Enterprise Agile Delivery (EAD) solution,
Release Dynamix (RDx), enabling enterprises to adopt modern Application
Lifecycle Management (ALM) and quickly and safely deliver application
changes from ideation to realization. From initial business change
request through to testing and production, RDx offers end-to-end
visibility and removes the risks associated with business-critical
application delivery by aligning complex, IT organizations around key
business objectives.

Panaya distinguishes itself from its competitors by creating easy-to-use
tools, designed for both business and technical users. In today's
market, there is an increasing need to improve the customer experience
by eliminating defects in the race to win, serve and retain customers.
There is also a growing demand for synergies between IT and business,
including more collaboration and an overall business process-oriented
approach to ALM. This results in a need to demonstrate the value
provided by releases and ensure features are matched to strategic
business goals.

Panaya RDx helps to meet these challenges by enabling easy management of
application delivery and value streams, while monitoring investment
buckets to ensure strategic alignment. By providing real-time insight
into risk and quality, corrective actions can be automatically
generated, allowing for safe allocation relief and the continual flow of
value. Panaya RDx also offers complete visibility of the entire delivery
pipeline, so users can save time without having to sacrifice quality.

Since 2008, over 2,000 companies in 62 countries, including a third of
the Fortune 500, have used Panaya to delivery quick quality change to
enterprise applications. Customers are from a variety of sectors
including automotive, pharmaceutical, retail, manufacturing and more.

Final SaaS Awards winners will be announced on Tuesday, August 28, 2018,
and the program will return in Spring 2019. Over 300 organizations
entered, with international entries coming from North America, Canada,
Australia, UK, Europe and the Middle East. To view the full shortlist,
please visit https://www.cloud-awards.com/2018-saas-shortlist.

For more information on Panaya and its products, visit www.panaya.com

About Panaya

Panaya, an Infosys company, enables organizations to accelerate
application change and continuously deliver innovation with its
Enterprise Agile Delivery Platform. Panaya provides cloud-based
application delivery, and testing solutions that ensure collaboration
between Business and IT. Enabling enterprise agility with faster release
velocity and uncompromising quality, Panaya delivers an optimized user
experience with end-to-end visibility of the application lifecycle.
Since 2008, 2,000 companies in 62 countries, including a third of the
Fortune 500, have been using Panaya to deliver quick quality change to
enterprise applications.

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