Securing a $10 million investment from Nexus Venture Partners, Eka Software Solutions — a provider of risk management solutions to global commodity market— has committed itself to remain a predominantly product company.
Eka Chief Executive Officer Manav Garg said the firm would devote funds for developing new technologies for oil and gas, metal and agro industries. “Much of our R&D initiatives would go towards developing newer architecture for the energy sector,” he added.
An emerging player in providing software capability for commodity companies to manage their risk efficiently, Eka has its financial technology products in agro, metal, energy etc.
Published 07 October 2009, 15:36 IST