Eka Named Commodity Enterprise Company of the Year by CIOReview
Award based on product innovation, customer value and market leadership.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced it was named “Company of the Year – Commodity Enterprise” by CIOReview. The publication named eight different award-winning companies operating in various technology verticals in its December 2013 issue.
Organizations named as companies of the year were selected by CIOReview’s editorial board plus a distinguished panel of the IT industry’s topmost CEOs, CIOs, and analysts, spanning across a host of verticals. Selected companies were identified as providing innovative, state-of-the-art products, and are redefining the business landscape in the particular vertical market in which they participate.
Agriculture, energy, and metals companies struggle to determine the correct prices to sell their product and manage risk in an environment with volatile prices. Eka provides Smart Commodity Management software for producers, marketers and traders of these raw materials to mitigate risks throughout the lifecycle of the commodity value chain.
Rick Nelson, President and COO of Eka commented, “This award is a reflection of Eka’s commitment to building the next generation of Commodity Management solutions. Eka’s Smart Commodity Management software uses predictive, user-controlled analytics to give customers better business intelligence. The solution turns extremely large data-sets into real-time, meaningful and actionable decision-making insights.”
This award comes at the end of an exciting year for Eka that included the acquisition of Calgary-based EnCompass Technologies, the premier provider of energy trading and risk management (ETRM) software, and Australian-based MatrixGroup, the leading supplier of state-of-the-art automated commodity handling solutions. In addition, Eka received a significant investment from Silver Lake Kraftwerk, the global leader in technology investing.
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.