Eka Announces Record New Customer Signings in 2014
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced record organic growth in new customer signings of 40% in 2014. In addition, more than 20% of Eka’s existing customers invested in additional licenses, further evidence of customer satisfaction and the value that commodities companies gain with Eka’s solutions.
“Eka has continued to grow and at a rate that places them in the upper echelons of the Commodity Trading and Risk Management (CTRM) vendor group. The company 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,” said Patrick Reames, Founder and Managing Director of Commodity Technology Advisory in a recent analyst briefing note.
“Eka has built its reputation on having the most innovative, functionally-rich, and technologically advanced solutions and we will continue to invest significantly in research and development to ensure our product leadership,” said Manav Garg, Eka CEO. “Even with all our past successes, we are just getting started and see huge opportunities on the road ahead.”
Eka experienced record new customer adoption of its industry leading solutions across diverse industries including biofuels, consumer products, agriculture, oil, natural gas, metals, and mining, as well as globally across regions including the Americas, Asia, Australia, and EMEA.
“The company achieved exceptional performance in 2014 across all solutions and industries globally, demonstrating that our overall strategy is on target,” said Greg Taylor, Eka President and COO. “Based on our strong solution suite, talented teams, and a robust pipeline, 2015 will bring even more acceleration in growth and profitability.”
Other notable achievements in 2014 included:
- Eka was selected as Commodity Enterprise Company of the Year by CIOReview.
- Eka was named to the Inc 500 List of Fastest Growing Companies.
- Eka’s CEO, Manav Garg, was named to Fortune Magazine’s 40 Under 40 List.
- The company broke ground for a new US corporate headquarters, increasing the office footprint 350% to accommodate growth in the business and expansion of the US team.