STAMFORD, Conn., May 27, 2015 /PRNewswire-iReach/ -- Eka Software
Solutions, the leading global provider of Smart Commodity
Management software solutions, announced today that it has been
named a "Major Player" in the IDC
MarketScape: Worldwide Energy Trading and Risk Management (ETRM)
2015 Software Vendor Assessment (doc #EI255242, April 2015). This report recognizes Eka's product
development efforts and identifies strengths of Eka's InSight CM
platform. Of particular note is Eka's in-memory technology that
enables intraday visibility of P&L.
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"With the acquisition of Encompass Technology, based in
Calgary, Canada, in 2013, Eka
entered energy trading with Encompass' mature natural gas and power
and nascent oil offerings," said Jill
Feblowitz, Vice President at IDC Energy Insights. "The
company is backed by Silver Lake Kraftwerk, the GP Group, and Nexus
Venture Partners and has attracted seasoned leaders to its board
and leadership team in the ETRM space. An impressive set of senior
leadership with ETRM experience has made the move to Eka. Eka is
positioned as a Major Player in this
IDC MarketScape."
Eka's energy solutions manage financial derivatives and physical
contracts for crude and refined products, natural gas, natural gas
liquids (NGL), liquefied natural gas (LNG), power, coal, and
biofuels. The InSight CM platform is an advanced, fully integrated
ETRM software solution covering trading, risk, processing,
scheduling, logistics, and accounting.
"It's become clear when new prospects are evaluating ETRM
software solutions that they are tired of the same old solutions
from the same old vendors," said Michael
Schwartz, Executive VP & CMO at Eka. "It can only be
described as 'old vendor fatigue.' Many vendors have not updated
their first-generation software but are instead trying to add
functionality on top of already dated platforms. Eka's modern,
multi-commodity solution provides real-time information and
enhanced decision making for effective business management."
About IDC MarketScape: IDC MarketScape vendor analysis model
is designed to provide an overview of the competitive fitness of
ICT (information and communications technology) suppliers in a
given market. The research methodology utilizes a rigorous scoring
methodology based on both qualitative and quantitative criteria
that results in a single graphical illustration of each vendor's
position within a given market. IDC MarketScape provides a clear
framework in which the product and service offerings, capabilities
and strategies, and current and future market success factors of IT
and telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
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. For more
information about Eka, visit www.ekaplus.com.
Media Contact: Lisa
DeVoto, Eka, 2032731275, lisa.devoto@ekaplus.com
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SOURCE Eka