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Skelta will utilize the funds to further broaden product development, and expand itssales and marketing efforts.
Skelta Software provides innovative products and solutions for the BPM marketworldwide. Skelta has been named as one of AsiaÂ's 100 fastest growing privatecompanies by Red Herring. Skelta was also the winner of NASSCOMÂ's IT Innovationaward and was recently chosen to receive the coveted Deloitte Technology Fast 50India Award. One of the few software product companies to serve a global market fromIndia, Skelta has over 300 customers in Europe, USA and Asia-Pacific regions.SkeltaÂ's flagship product, Skelta BPM.NET is an award winning BPM workflow softwarethat is built on today's cutting-edge Microsoft .NET, XML, and web servicestechnologies.
Commen ting about the funding, Sanjay Shah, CEO, Skelta Software said  This fundingcomes at a critical juncture in SkeltaÂ's growth. We are poised to extend ourfootprints in other regions and the funding will catalyze the expansion of oursales, marketing and engineering efforts. I am delighted that a reputed investorlike SIDBI Ventures has reposed confidence in our vision and strategy; it reinforcesour position as BPM software vendor of choice in the BPM marketplace.Â
Ajay Kapur , CEO, SIDBI Venture Capital said  Within a short span of time, SkeltaSoftware has managed to carve out a defined niche for itself in the global BPMspace. Skelta has demonstrated that it has what it takes to succeed as a productcompany in a global arena. We are excited to be part of this venture and welcomethis opportunity to participate in SkeltaÂ's growth .
About SIDBI Ventures
SIDBI Venture Capital Limited (SVCL), a wholly owned subsidiary of Small IndustriesDevelopment Bank of India, currently manages $135m across two funds, the NationalVenture Fund for Software and Information Technology Industry (NFSIT) and the SMEGrowth Fund (SGF). It is a leading SME focused Venture Capital investor with apan-India coverage having invesments in sectors like Information Technology,Retailing, Logistics and Distribution, Pharma, Alternative Fuels, Light engineering,etc.
About Skelta Software
Skelta Software is an innovative software product company specializing inenterprise-wide Business Process Management (BPM) and Workflow solutions for smallto large-sized businesses worldwide. Its flagship product, Skelta BPM.NET 2006 is aBPM workflow software that is built on cutting-edge Microsoft .NET, XML, and Webservices technologies. It is also the world's first embeddable workflow engine.Skelta enables business users and developers to design and deploy workflowapplications using software tools with which they are already familiar. In addition,Skelta enables businesses to leverage on their existing investments in Microsofttechnologies such as InfoPath, BizTalk Server, and SharePoint.
Skelta's products have won several awards at industry forums such as Microsoft 2006Regional Winning Customer Award, Best of Tech.Ed in the Software Components categoryat Microsoft Tech-Ed, MSD2D's People's Choice Award and NASSCOM IT Innovation 2005Award. Skelta has also been named one of AsiaÂ's top 100 companies by Red Herringmagazine. For more information on Skelta and its products, visit www.skelta.com. Skelta mayalso be contacted on phone at +1 (703) 652-8359 and on email at sales@skelta.com.
