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Eka named major player in energy trading

LNG Industry,

Eka Software Solutions, a provider of smart commodity management software solutions, has been named a major player in the IDC MarketScape: Worldwide Energy Trading and Risk Management (ETRM) 2015 Software Vendor Assessment.

The report recognises Eka’s product development efforts and the strengths of the company’s InSight CM platform.

Commenting on the decision, Jill Feblowitz, VP at IDC Energy Insights, said: "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.

“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, NGLs, 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.

Adapted from press release by Katie Woodward

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