In brief: Telstra invests in BPM software firm

Telco invests in Panviva

Telstra has invested in software company Panviva. Panviva is a Melbourne-headquartered company that produces business process management software.

The size of the investment has not been revealed.

Panviva produces SupportPoint.

"Telstra's commitment to Panviva will provide us with the resources needed to grasp the rapidly emerging market opportunities for SupportPoint Cloud in North America and Europe while complementing Telstra's footprint in Asia Pacific," Panviva CEO Ted Gannan said in a statement.

"The number, size and geographic spread of our customers are all growing rapidly and this investment will enable Panviva to scale both the product and the organization to meet that challenge."

Panviva has customers in Australia, the US and the UK.

Telstra will resell Panviva software to its customers, Michelle Bendschneider, Executive Director Global Solutions, Telstra Global Enterprise and Services said.

"We believe the addition of Panviva to our cloud and services portfolio will add value for our customers both locally and internationally and is in line with our commitment to expand our cloud services, offering our customers choice and flexibility," Bendschneider said in a statement.

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