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April 22, 2013

Deal Alert: Commodities trading software firm Eka acquires Canada’s EnCompass

Bangalore-based Eka Software Solutions, a global provider of advanced commodities and energy trading and risk management technologies (CTRM & ETRM), has acquired Calgary, Canada-based EnCompass Technologies. Established in 1993, EnCompass is a provider of a fully-integrated, multi-commodity and FX transaction management system, covering the entire transaction lifecycle, from capture through confirmation, operations, settlement and risk management. 

All employees of EnCompass have joined Eka, and the two co-founders, CEO Andy Bout and COO Stewart Brightman, will take key leadership roles in the combined organization.  

From the Venture Intelligence PE Deal database: Eka had raised $10-M from Nexus Ventures in Oct-09. 

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