New position to support rapid growth of Eka’s CTRM, ETRM, Bulk Handling, and Commodity Analytics Cloud solutions in the region.

Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Sebastian Esposito has been appointed vice president for North America. Mr. Esposito is responsible for managing Eka’s expansion in the region. Eka experienced a significant increase in demand for its CTRM, ETRM, Bulk Handling, and Commodity Analytics Cloud solutions in 2016, opening two new offices in Canada and the United States to support this growth.

“Sebastian has over 27 years of experience in commodity markets, most recently as head of sales and operations for Brady for the last seven years,” said Manav Garg, founder and CEO at Eka. “He has held executive positions in banking, software, and consultancy, and has extensive experience in the areas of commodity trading and risk management and analytics. Sebastian is a great addition to the Eka team and I look forward to working with him to expand our North American business.”

Mr. Esposito began his career working in derivatives operations, trading and risk management at JP Morgan Chase. After developing a deep understanding of these markets, he shifted his career to FinTech software. Prior to leading sales and operations at Brady, he spent several years at Murex, SunGard, and IBM Risk Analytics developing their businesses in North America. He studied engineering and political philosophy at the University of Massachusetts, Amherst.

“I am excited by the opportunity to join Eka during this period of extensive growth,” said Sebastian Esposito, vice president for North America at Eka. “Market interest in Eka’s CTRM, ETRM, Bulk Handling, and Commodity Analytics Cloud solutions has exploded because Eka’s solutions offer more functionality, faster implementations, quicker ROI, and lower cost of ownership. Eka’s focus on innovation – including artificial intelligence, Internet of Things data integration, and drones for surveying – ensures that Eka will remain the smart commodity management innovator for years to come. I look forward to joining the team and growing Eka’s business in North America.”

Eka experienced tremendous growth across all geographies and product lines in 2016. Commodity Analytics Cloud customers grew by over 400 percent and Eka increased ETRM customers by 25 percent and CTRM customers by 23 percent. Eka opened three new offices to accommodate the surge in growth. Commodity Analytics Cloud was named Business Intelligence Software Solution of the Year by Corporate Vision Magazine.

About Eka Software Solutions

Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.

The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.

Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.