August 5th, 2010 
Gary Vasey I recently had the pleasure to write a white paper with eka titled “In Search of Total Risk Management:The Physical Factor and Operational Risk Management”. Eka are a CTRM vendor based in India that have historically been focused on Ags and Metals and are constatntly broadening their platform. Recently, they have made several key hires to supplement their team and expand their geographic coverage into Europe and North America.
The white paper can be downloaded from this blog;
January 27th, 2010 Gary Vasey Last week, I had an opportunity to talk to Mr. Manav Garg, the CEO and Founder of Eka Software Solutions, about his company’s background, aims and objectives. Eka first appeared on CommodityPoint’s radar screen around a year ago as a vendor of non-energy Commodity Trading and Risk Management software highly ranked for its coverage of agricultural commodities. But Eka has made rapid progress and it has already established a presence in the metals space and now has a foothold in certain energy commodities too.
Trading Beginnings
Mr. Garg started out his career trading Green Coffee in Singapore helping to set up a Coffee desk for a trading company there. In the process of setting up those trading operations he “saw people talking about systems but found that almost everyone was actually using spreadsheets.” He left his trading job in 2001 and spent some time looking at what needed to be provided as a trading software solution utilizing his contacts in the industry and in 2004 his company, Eka, produced its first software solution for Coffee trading. Eka rapidly extended its software’s functionality across the agricultural commodities area launching a fully fledged product in 2006. As we got deeper into the market, “customers kept asking us about metals systems,” said Mr. Garg and so Eka added some metals specialists as employees and set about delivering a metals solution too. It was also soon made available as a part of the Eka solution.
January 21st, 2010 Gary Vasey EKA have announced a new licensing deal with Traxys for its global trading and risk management software solution across base metals, concentrates, minor metals, ferro-alloys, industrial chemicals, rare earths and energy products. Its that last commodity group that is important here – energy products. EKA appears to be moving full tilt into more or less complete commodity coverage.
January 12th, 2010 Gary Vasey I recently spoke with Shobhit Mathur of EKA about the progress that it had made recently. Mr. Mathur characterized last year as one in which “EKA significantly increased its international presence, won some important new customers and received industry recognition, raised additional capital from a very well respected venture capital firm, made advances in product functionality, and brought in top talent from across the globe”.
New Offices
EKA opened its own offices in both the US in Connecticut and the UK in London in 2009 expanding its local presence into two important markets for CTRM software.
ETRM Blog by Patrick Reames AgriMoney.com
Posted in 
Tags: 
