Eka Acquires Stake in Commodity Handling Software Specialist MatrixGroup
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced that it has extended its commodity management platform with MatrixGroup, the state-of-the-art automated commodity handling software vendor.
Manav Garg, Eka CEO and founder, commented: “Our investment in MatrixGroup is a natural progression of growth for Eka as the leading provider of end-to-end commodity management solutions. MatrixGroup’s long-standing customer relationships and market-leading solutions extend Eka’s already deep experience in providing high-value commodity solutions. Both firms’ customers will benefit from increased margins through tighter controls in the commodities supply chain.”
The deal with MatrixGroup reinforces Eka’s growth strategy of complementing its organic growth with synergistic strategic investments. Earlier in April Eka acquired EnCompass Technologies, a provider of Energy Transaction and Risk Management software based in Calgary, Canada. MatrixGroup, established in Adelaide Australia in 1998, is a rapidly growing provider of automated commodity handling and management systems. MatrixGroup’s technology is used in more than 200 in-land locations and 20 export terminals in Australia and across South East Asia. MatrixGroup leads the market in commodity handling solutions, including bulk handling automation, warehousing and optimization systems for mining and agricultural commodity companies.
Alan Hurdsman, MatrixGroup’s CEO, said: “Partnering with Eka and leveraging their advanced R&D knowledge perfectly aligns with our vision of offering leading-edge commodity handling systems which address our clients’ critical requirements. This investment means we can respond to our clients’ needs in the future and accelerate our expansion globally.”
MatrixGroup is a rapidly growing Australian software company that produces BULKmetrix, a configurable commodity handling and management system for the mining and grain industries. Exclusively focused on helping its clients, MatrixGroup streamlines commodity handling solutions to achieve lower costs, and maximize profit potential. MatrixGroup works directly with its customers to bring value through research and development, training, implementation and support. With over 15 years of leadership in the Australian grain industry and an emerging presence in the global mining industry, MatrixGroup’s commodity handling solutions are active in over 100 locations across Australia and South East Asia.
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.