Bangalore, 9 February 2010

Eka Software Solutions, the leading provider of Commodity Trading and Risk Management software, today announced a strategic partnership with ADN Technologies, a leading technology services provider servicing the South American market.

Under the terms of the agreement, the two firms will begin collaborating immediately to enhance marketing, sales, customer service and support for the South American commodity markets.

The partnership assumes significance in light of the heightened risk and volatility in commodity markets, and the fact that South America is one of the largest producer and consumer of several commodities. Speaking about how the new partnership would benefit companies in these markets, Manav Garg, CEO & Founder of Eka, had the following to say:  “With South America being a key player in global commodity markets, and market volatility compounding the risk equation, there is a growing need for a sophisticated commodity trade and risk management software that properly addresses the needs of physical commodity markets. Eka is today recognized as the leading provider of CTRM software, and together with ADN, we intend to develop strategies that enhance customer engagement through better service, delivery and support.”

Eka’s CTRM solution provides commodity firms best of breed functionality across physical trading, position, inventory, logistics, derivatives, risk management, P&L and finance, with solid business intelligence and reporting tools to support decision making and control at all organizational levels.  Commenting on the new partnership, Luciano Barbosa, CEO for ADN Technologies said: “As firms brace themselves to adopt more sophisticated risk management practices and IT systems, ADN’s on-the-ground knowledge of the South American market combined with Eka’s comprehensive domain knowledge and best-of-breed Commodity Trade and Risk Management (CTRM) solution would be highly beneficial and relevant for firms feeling the pressure of volatile commodity markets.”

ADN Technologies is an Information Technologies services company with offices in Sao Paulo and Salvador and active in the market for over 15 years. They have a team of over 200 professionals located in their offices and facilities of their customers in Sao Paulo, Bahia, Brasilia, Rio de Janeiro and Minas Gerais. They provide services in the areas of Program Management, Consulting, management of Information Technology, Strategic Planning, Application Development, integration and deployment of systems in a web environment (ASP, Java and. Net) and Client / Server, Outsourcing, selection and implementation of different software packages. They are active in different sectors such as petrochemicals, oil & gas and sugar & ethanol.

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