Private Equity PE Fund Investments
STG acquires commodity trade enabler Eka Software
Source Inc42 (opens in a new tab)
US-based private equity firm Symphony Technology Group (STG) has acquired Bengaluru-based commodities trade and risk management (CTRM) software company Eka Software Solutions.Eka was founded by Manav Garg in 2004 and provides a commodity management platform covering trading and position management, physical supply chain, and enterprise risk management.
Between 2009 and 2013, Eka had raised over USD 50 M from Nexus Venture Partners, SilverLake and Thailand-based GP Group.