In September 2010, Hasso Plattner Ventures invested in Panaya's $6m round alongside venture capital firms Benchmark Capital and Battery Ventures, which agreed to acquire financial investor Tamares Group's stake in the company.

Hasso Plattner, co-founder of Germany-based software provider SAP, through his eponymous family office has invested in Panaya’s, which develops software as a service for automating SAP upgrades, $16m series D round.

In September 2010, Hasso Plattner Ventures invested in Panaya’s $6m round alongside venture capital firms Benchmark Capital and Battery Ventures, which agreed to acquire financial investor Tamares Group’s stake in the company.

Yossi Cohen, Panaya’s founder and chief executive, said: “Despite the very strong interest of additional parties to…