Bangalore, 21 January 2010

Eka Software Solutions, the leading provider of commodity software, announced today that the Traxys Group has selected Eka for its global trading and risk management software solution across base metals, concentrates, minor metals, ferro-alloys, industrial chemicals, rare earths and energy products.

Traxys is a global leader in the marketing and sourcing of metals, minerals and energy products to a wide range of mining and industrial partners. Operating from over 20 offices around the globe, Traxys provides an array of financial and commercial services to its customers, all with the objective of lowering risk, reducing working capital requirements, achieving speed to market, and bringing transparency to a transaction.

Harry F. Weyher III, Chief Financial Officer of the Traxys Group, stated that “Our challenges in the software selection process were threefold: first, finding a solution that had the depth of functionality to meet our diverse business needs; second, ensuring that the technology was current and modern in order to secure our investment over the long term; and third, identifying a company that had the capability, commitment and vision to be a long-term partner for us.  After evaluating several alternatives, we came to the conclusion that Eka alone met all of our criteria - product functionality, modern technology, and an organization that displays industry expertise, talent, and a track record in delivering a solution across our diverse businesses. We look forward to making Eka our global software solution.”

With the Eka solution, Traxys will benefit from a single, fully integrated system that links all commodities, offices and businesses across front, middle and back office functionalities. Eka’s comprehensive solution will provide Traxys with real-time information on positions, inventory, risk management and profit and loss analysis.    EKA will be deployed globally across the Traxys network and will further provide Senior Management with improved analytical tools and real time data with which to serve its counterparts.

Mr. Manav Garg, CEO of Eka Software Solutions, commented “We feel extremely proud and excited to have Traxys on board. We’ve set a world class standard for ourselves; this win confirms our aspirations. It is also a testimony to our product, technology and the team’s capabilities that further strengthens our position as the software vendor that best understands the physical commodity market space. We look forward to a fruitful and productive association with Traxys in the years to come.”

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