{"id":651788,"date":"2013-04-11T05:11:09","date_gmt":"2013-04-11T09:11:09","guid":{"rendered":"http:\/\/www.pehub.com\/?p=195740"},"modified":"2013-04-11T05:11:09","modified_gmt":"2013-04-11T09:11:09","slug":"panviva-secures-series-b-by-sbi-jefferies-asia-fund","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/651788","title":{"rendered":"Panviva Secures Series B by SBI Jefferies Asia Fund"},"content":{"rendered":"

Panviva Pty<\/strong>, a developer of business process guidance software solutions, has raised A$4 million in Series B equity financing from SBI Jefferies Asia Fund L.P.<\/strong> SBI Jefferies<\/strong> is a joint venture fund between SBI Group<\/strong>, a Tokyo, Osaka and Hong Kong listed financial services conglomerate and Jefferies Group<\/strong>, a NYSE-listed global investment bank and private equity firm. <\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Panviva Pty Ltd, a leading developer of
\nBusiness Process Guidance software solutions, announced today that it has raised A$4M in Series
\nB equity financing from SBI Jefferies Asia Fund L.P. SBI Jefferies is a joint venture fund between
\nSBI Group, a Tokyo, Osaka and Hong Kong listed financial services conglomerate and Jefferies
\nGroup, a NYSE-listed global investment bank and private equity firm. The funding and support from
\nthese powerhouse participants will be used to further enhance Panviva\u2019s investments in cloud-based
\nproduct development, accelerate global growth in the telecommunications and banking sectors, and
\nexpand the company\u2019s lead in the US health insurance market.
\nPanviva\u2019s flagship product, SupportPoint, is a Business Process Guidance solution that is highlyvalued
\nin organizations with complex online processes and systems\u2014where speed, accuracy,
\ncompliance and customer satisfaction are all critical. SupportPoint provides online employees in
\nthose environments with step-by-step instructions and information within their workflow. It increases
\nthe capacity and agility of staff and improves customer satisfaction while reducing training
\nrequirements and overall operational costs. SupportPoint has a rapidly-growing blue chip customer
\nbase that includes British Telecom, HP, BUPA, Foxtel, Health New England, AvMed, Medibank
\nPrivate, HBF, Health Alliance, National Australia Bank and Westpac.
\nLeveraging its early successes in Australia and the UK with telecommunications and banking
\ncustomers, Panviva grew sales by over 40% in 2012 and expanded its customer base in the US
\nhealthcare market where government-mandated reforms are producing increased levels of
\ncomplexity, regulation and cost. SupportPoint has experienced viral growth in US healthcare
\norganizations where change, increasing complexity, and costs have affected every function from call
\ncenter operations to medical services delivery.
\nAccording to Ted Gannan, CEO and Co-founder of Panviva, \u201cSupportPoint is one of the few
\nproducts that do exactly what customers need it to do and our customers love it. It delivers
\nmeasurable benefits, a strong ROI and exceptional value to our growing customer base. In this next
\nstage, we\u2019re delighted to be working with SBI. This partnership will enable us to step up the pace of
\ndevelopment for leading-edge product enhancements and leverage SBI\u2019s management expertise in
\nthe IT\/telecoms sector and its extensive network throughout Asia and beyond. The funding will also
\nhelp us enable new partners worldwide and extend our reach to the thousands of other
\norganizations in need of a Business Process Guidance solution. The journey has been exciting; it\u2019s
\ngoing to get even better.\u201d
\nSBI Ven Capital is the Singapore-based private equity arm of SBI Group. SBI Group is one of the
\nlargest private equity firms in Japan, with investments across 13 countries in Asia including
\nAustralia. Masaki Takayanagi, Managing Director and CEO of SBI Ven Capital, said \u201cWe are
\nexcited to come on board to provide a catalyst for the acceleration of Panviva\u2019s growth. Panviva is
\nalready profitable, has market-leading products and technologies and a solid customer base in a
\nrapidly growing market. Panviva\u2019s success in its first markets and the scalability in the new markets
\nmake it a compelling partner for us, and we look forward to making a powerful contribution to its
\nsuccess.\u201d
\nAbout Panviva
\nPanviva is the originator of Business Process Guidance, and the developer of SupportPoint, the
\nworld\u2019s leading Business Process Guidance system. Over 200,000 users across 37 countries rely on
\nSupportPoint daily to guide them through complex processes and systems in real time. Panviva\u2019s
\ncustomers reduce task handling times, error rates and compliance issues; increase staff capacity
\nand agility; cut training times and operational costs; and achieve the very highest levels of
\nsatisfaction for customer service. Among Panviva\u2019s customers are BUPA, Blue Cross, Medibank
\nPrivate, HBF, Health New England, AvMed, Gundersen Lutheran, St Mary\u2019s Heath Plans, BT, Colt,
\nFoxtel, EXL Services, Stellar BPO, National Australia Bank, and Westpac. For further information,
\nplease visit www.panviva.com.
\nAbout SBI Jefferies Asia Fund
\nSBI Jefferies Asia Fund is a joint venture fund between SBI Group, a Tokyo, Osaka and Hong Kong
\nlisted financial services conglomerate and Jefferies Group, a NYSE-listed global investment bank
\nand private equity firm. The investment advisor to the Fund is SBI Ven Capital Pte Ltd, the overseas
\nprivate equity arm of SBI Group. SBI Group is one of the largest Japanese private equity\/venture
\ncapital firms, with more than USD 3 Billion of committed capital. SBI Ven Capital primarily focuses
\non providing growth capital to promising companies in the mid-market sector in Asia. With its base
\nin Japan, SBI Group has an extensive network across Asia including Singapore, Malaysia, Indonesia,
\nIndia, Brunei, Vietnam, Cambodia, China and Korea. More information on SBI Ven Capital is
\navailable at http:\/\/www.sbivencapital.com.sg
\n###
\nMedia Contact:
\nLinda Wilson
\n617.266.7374
\nLwilson@panviva.com<\/p>\n

The post Panviva Secures Series B by SBI Jefferies Asia Fund<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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Panviva Pty, a developer of business process guidance software solutions, has raised A$4 million in Series B equity financing from SBI Jefferies Asia Fund L.P. SBI Jefferies is a joint venture fund between SBI Group, a Tokyo, Osaka and Hong Kong listed financial services conglomerate and Jefferies Group, a NYSE-listed global investment bank and private […]<\/p>\n","protected":false},"author":7999,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-651788","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/651788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7999"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=651788"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/651788\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=651788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=651788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=651788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}