STG Expands Portfolio with Acquisition of Eka Software, a Leading Cloud-Based Solution Provider

US equity firm STG has acquired Eka Software Solutions to merge with Quor Group, providing a comprehensive software suite. Eka specializes in commodities trade and risk management, while Quor focuses on CTRM in the metals industry. The merger aims to meet diverse customer needs globally, addressing market volatility and supply chain disruption. Eka's CEO will continue as a board advisor.

US-based equity firm STG on Monday said it has acquired Eka Software Solutions and will merge the latter with its portfolio company, the Quor Group, to provide a broad software suite.

Bengaluru-based Eka provides commodities trade and risk management (CTRM) and supply chain solutions with a specialty in the soft agricultural and energies markets, whereas Quor specialises in CTRM offerings within the metals ecosystem.

''The combination of Eka and Quor is a material step forward for the CTRM industry, providing a broad software suite that addresses a spectrum of customer needs across asset classes globally,'' the company said in a statement.

Eka Founder and CEO, Manav Garg, will continue as a board advisor of the combined entity, it added.

''The merger could not happen at a more opportune time - we have seen increased volatility across asset classes, greater desire of customers to hedge their risk, and substantial supply chain disruption; all of which leaves the market yearning for solutions from Eka and Quor,'' Garg said.

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