Panviva Pty Ltd, a Camberwell, Australia-based developer of Business Process Guidance software solutions, raised A$4m in Series B equity financing from SBI Jefferies Asia Fund L.P.
The company intends to use the capital to further invest in its cloud-based product development, accelerate global growth in the telecommunications and banking sectors, and expand its lead in the US health insurance market.
Led by Ted Gannan, CEO and Co-founder, Panviva provides organizations with complex online processes and systems with SupportPoint, a Business Process Guidance solution. SupportPoint provides online employees in those environments with instructions and information within their workflow increasing the capacity and agility of staff. Blue chip customers include British Telecom, HP, BUPA, Foxtel, Health New England, AvMed, Medibank Private, HBF, Health Alliance, National Australia Bank and Westpac.
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 equity firm.