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STG, a US-based private equity firm focused on software and software-enabled tech services companies, announces the strategic acquisition of Eka Software Solutions (“Eka”), a global provider of commodity management solutions with a specialty in the soft ags and energies markets. For nearly two decades, Eka has been providing commodities trade and risk management (“CTRM”) and supply chain solutions, consistently delivering innovation to its customers while building a robust and modern vertical SaaS platform.STG will merge Eka with the Quor Group (“Quor”), an existing STG portfolio company that specializes in CTRM offerings within the metals ecosystem. The combination of Eka and Quor is a material step forward for the CTRM industry, providing a broad software suite that addresses a spectrum of customer needs across asset classes globally.Eka, leveraging its innovative approach and cutting-edge technology, joins Quor to provide the combined entity’s customers with a broad ability to navigate the complexities of the commodity markets, including increasing end market volatility and customers’ desire to hedge their corresponding risk profile. Together, Quor and Eka are poised to address customers’ greatest needs, accelerate innovation, and set new benchmarks within the industry.AdvertisingAdvertising“We have been extremely impressed by the breadth and depth of the products that make up the Eka platform. Their CTRM / ETRM and supply chain products have consistently delivered for their impressive customer base” said William Chisholm, Managing Partner of STG. “We are committed to supporting Quor and Eka through further investments in innovation with the ultimate goal of continuing to provide exceptional value to their clients,” added Ishan Manaktala, Operating Partner at STG.Manav Garg, founder and CEO of Eka, will continue to play a pivotal role in guiding the vision and strategic direction of the combined company as a Board Advisor. His industry insight and leadership will be invaluable as Quor embarks on its next phase of growth. Manav comments, “the merger could not happen at a more opportune time – we have seen increased volatility across asset classes, greater desire of customers to hedge their risk, and substantial supply chain disruption; all of which leaves the market yearning for solutions from Eka and Quor.”Steve Hughes, CEO of Quor, commented on the strategic synergies, stating, “I believe joining forces with Eka is a game-changer for us and our customers. I am keen to partner with Manav and his decades of knowledge to drive the CTRM industry forward into a new era of growth and success.”Jefferies LLC acted as financial advisor and DLA acted as legal advisor to STG. Tree Line Capital Partners provided debt financing to support the acquisition.About Quor Group Quor is a provider of CTRM software to the global commodity markets with a specialty in metals. The Company provides end-to-end trade management across the entire CTRM value chain, supplying functionality for both physical and financial trade through to risk management, settlement, and post-trade reporting.About Eka Eka Software Solutions is a global provider of digital commodity management solutions to the commodity trading industry. With its cutting-edge technology and comprehensive suite of

Percent of its revenue in its Research and Development (R&D) every year, one of the highest rates in the industry. To future proof a client’s investment, Eka launches a new major version of its software platform annually, with additional minor releases throughout the year that automatically update each client’s installation.Expanding Horizons through Acquisitions and InnovationsWith a laser focus on quality, innovation and customer success, Eka has grown to a point where it is recognized as the leader in providing second-generation, analytics-driven, smart Commodity Management solutions. Eka’s employees are rooted in deep technical knowledge and commodity markets expertise. With the company’s market leading best-of-breed solution and world-class employees, Eka attracted a private equity investment from Silver Lake, the world’s leading technology investor.Eka Software continues to expand its Commodity Management platform to new horizons; the company recently acquired Encompass, a premier provider of a fully integrated, multi-commodity and FX transaction energy trading and risk management system from Canada, then quickly followed with the acquisition of Australia based Matrix Group, an automated commodity handling software vendor. Through these acquisitions, Eka has strengthened its hold over the Commodity Management market. Being the lone provider of web-based software in the Commodity Management field, the company has developed a strategic plan to delve deep and exploit the benefits of big data and analytics throughout its offerings. Judging by its veteran management team, past success and future plans, Eka Software Solutions looks set to consolidate its stand as the market leader in software for the global commodity markets.

A farmer in Kansas, U.S. cultivates a hundred tons of wheat and accumulates the same in his various warehouses. However,if he cannot manage the price list of the commodity, the inventory value can depreciate as the price of wheat fluctuates on a daily basis. In such a scenario, what farmers and a host of other participants in commodity related industries such as metals, oil, power and manufacturing requires a Commodity Management (CM) platform. While most software vendors have been unable to cope with the complex contracts, pricing structures and financial derivative instruments that are needed to manage these commodity supply chains, Eka has stood out as the software solutions provider that has developed an advanced, analytic-driven, end-to-end Commodity Management platform. Established in 2004 by Manav Garg, CEO, Eka Software today helps commodity and related companies manage the challenges of volatile markets and 24x7 global operations more effectively and efficiently by utilizing over a decade of experience in the commodity management space.Manav Garg, an MBA holder from the Indian Institute of Foreign Trade, realized the need for a software solution that could handle the complexities of physical commodity risk management during his daily routines as a coffee trader in Singapore. Quickly comprehending the market deficiencies in traditional trading and risk management software, Manav pounced on the market opportunity. By combining his skill set in agriculture trading and his passion for technology, Eka Software Solutions was formed.Commodity Management 2.0With commodity prices fluctuating at a rapid rate, the individuals who run energy, agriculture and metal companies struggle to determine the correct prices to sell product, manage risk and deliver bottom-line results. Here, Eka steps in and supports these companies with Commodity Management software that helps mitigate risks and efficiently moves physical goods across the entire commodity supply chain. The company calls it the ‘smart’ Commodity Management that begins upstream, be it the farm gate, mine or oil well, and then supports the process through to the end customer point.With a majority of current Commodity Management players in the space offering first-generation solutions, the Eka team developed a second-generation software platform, “Commodity Management 2.0,”which is analytics-driven to assist companies in making fact-based decisions in addition to managing transactions. “The previous systems in Commodity Management were all about typical ERP systems: capture contracts, end-to-end logistics, risk calculations and building reports. Now we are moving towards optimization and predictive analysis. We deliver more data analysis to customers so that they can get more insights and make better decisions,” says Garg.Today Eka Software is a 340+ member team with offices that span Asia, Australia, Europe, USA and Canada. Much of Eka’s dramatic success can be attributed to the company’s extensive efforts todrive innovation. Eka Software reinvests 20

Of a piloted survey,” said Ben Koch, director of engineering for Eka Software Solutions and leader of Eka’s drone project. “This technology is extremely exciting to see in action and helps commodity businesses know exactly what they have in stock and what they need to purchase. Drones can save up to 50 percent of the time and 50 percent of the cost of surveying. Surveys that once took a week or more can be completed in 48 hours.”Eka’s 3D Stockpile Manager is a web-based portal for bulk stock management that provides complete visibility of all stock. With Commodity Site Manager, site operators can define quality parameters for stock then raise orders for the movement of product, including billing information. The software gives decision makers the ability to monitor stock across an entire enterprise from the palm of their hand using a web interface and, if necessary, adjust and regrade the site stock levels.Eka has always been a leader in commodity software innovation, winning the Nasscom Innovation Award for Best Market Facing Innovation – Business Model & Business Process for its flagship CTRM solution. Eka has also won a multitude of awards for growth, innovation and excellence in commodity management. In 2015, Eka introduced Commodity Analytics Cloud, the only platform that analyzes real-time commodity data from disparate systems providing key insights and enabling fact-based decisions. Eka has over 50 tier one customers in EMEA, APAC and the Americas.About Eka Software SolutionsEka is the global leader in providing Smart Commodity Management software

On 3 reviews Market presence Company's number of employees 10-20 employees Company's social media followers 400-1k followers Company Type of company private webEnvironmental Leader N/A The comprehensive OATI webSmartEnergy Distributed Energy Resource Management System (DERMS) solution allows utilities to manage distribution grids with a variety of interconnected DER assets, including behind-the-meter and larger utility-grade resources, while capitalizing on the benefits from the distributed resources. Basis for Evaluation We made these evaluations based on the following parameters; Customer satisfaction Average rating 4.50 / 5 based on 3 reviews Market presence Company's number of employees 400-1k employees Company's social media followers 5k-10k followers Company Type of company private Founding year 1995 Eka Challenger N/A Eka is a global leader in providing digital commodity management solutions driven by Cloud, Blockchain, Machine Learning and Analytics. The company’s best-of-breed solutions serve the entire trading value chain across agriculture, energy, metals and mining and manufacturing markets. Eka is reimagining commodity management with a new age architecture that breaks monolithic CTRM and ETRM systems into bite sized chunks of powerful, enterprise grade apps, thereby enabling faster implementation, adoption and decision making. Eka’s mobile-first, enterprise apps are embedded with commodity specific algorithms that empower businesses to stay on top of volatile markets by letting them scale at will, go live faster, and achieve better value for their investments. Eka has offices across the Americas, Asia, Australia, and EMEA serving 100+ customers globally across multiple commodity segments. Basis for Evaluation We made these evaluations based on the following parameters;