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NEWS |
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| November 22 2006 |
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Skelta will utilize the funds to further broaden product development, and expand its sales and marketing efforts. Skelta Software provides innovative products and solutions for the BPM market worldwide. Skelta has been named as one of Asia’s 100 fastest growing private companies by Red Herring. Skelta was also the winner of NASSCOM’s IT Innovation award and was recently chosen to receive the coveted Deloitte Technology Fast 50 India Award. One of the few software product companies to serve a global market from India, Skelta has over 300 customers in Europe, USA and Asia-Pacific regions. Skelta’s flagship product, Skelta BPM.NET is an award winning BPM workflow software that is built on today's cutting-edge Microsoft .NET, XML, and web services technologies. Commenting about the funding, Sanjay Shah, CEO, Skelta Software said “This funding comes at a critical juncture in Skelta’s growth. We are poised to extend our footprints in other regions and the funding will catalyze the expansion of our sales, marketing and engineering efforts. I am delighted that a reputed investor like SIDBI Ventures has reposed confidence in our vision and strategy; it reinforces our position as BPM software vendor of choice in the BPM marketplace.” Ajay Kapur, CEO, SIDBI Venture Capital said “Within a short span of time, Skelta Software has managed to carve out a defined niche for itself in the global BPM space. Skelta has demonstrated that it has what it takes to succeed as a product company in a global arena. We are excited to be part of this venture and welcome this opportunity to participate in Skelta’s growth”. For more information, visit: www.skelta.com |
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