Commodity Technology Advisory Evaluates Market-Leading Smart Commodity Management Platform of Eka in its Analyst Briefing Note
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced it has been highlighted this month in an analyst briefing note by Commodity Technology Advisory (ComTech), an analyst group that provides coverage of the commodity technology markets. With Eka’s analytics-driven, end-to-end Smart Commodity Management platform, companies that procure, sell, trade, process, move, and manage risk for commodities and raw materials in manufacturing, agricultural, metals, and energy industries can determine the correct prices to sell products and better manage risk.
ComTech notes that, “Eka has found considerable success in selling products to a global base of users across multiple categories, including agriculturals, softs, metals, consumer products and most recently, energy. Founded in 2004, its initial successes were primarily in the Asia-Pacific markets; however, with success in servicing a growing roster of global-scale clients, its market reach now extends to include Europe, Africa, and North America.” ComTech’s analyst briefing note describes Eka’s recent history and development of its Smart Commodity Management platform, which includes predictive analytics, critical to the next generation of Commodity Management solutions. In the analyst note, ComTech evaluates Eka’s corporate strategy and the strength of their recent acquisitions.
Manav Garg, founder and CEO of Eka said, “Twenty years ago, this industry started out focused around the energy markets and has since grown to include other commodities such as ags and metals. Now, Eka is leading the next advancement in this market with our Smart Commodity Management product that includes predictive, user-controlled analytics, allowing our customers to optimize future scenarios. And because we built our platform on a modern technology stack and architecture, we are able to offer our software in a traditional on-premise model as well as via the cloud.”
Many first-generation commodity management vendors have seen year-over-year declines in revenue, while at the same time, “Eka has continued to grow at a rate that places them in the upper echelons.” ComTech explains in their analyst briefing note, “The company is well funded and has an experienced leadership team in place.” ComTech predicts, “Eka is well positioned to define and potentially lead the next generation of CM/Smart Commodity Management.”
ComTech’s analyst briefing note provides an evaluation of the CTRM technology market in which Eka is a leader, and describes future opportunities and risks for Eka.
About Eka Software Solutions
Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.