STG Acquires Eka – Merges with Quor

An official announcement today confirmed the accuracy of rumours around the market regarding STG and Quor Group acquiring Eka. For STG and Quor Group, this is a significant step growing Quor’s size many times over both in terms of customer base, product suites and staff. In the press announcement, Steve Hughes, CEO of Quor, commented on the strategic synergies, stating, “I believe joining forces with Eka is a game-changer for us and our customers. I am keen to partner with Manav and his decades of knowledge to drive the CTRM industry forward into a new era of growth and success.” The product suites are largely complimentary and Eka is known for its cloud-based E/CTRM capabilities particularly in ags & softs, but with degrees of strength across all commodities including energies. It is also known for its advanced analytics capabilities via the Eka Analytics software. However, Eka has a suite of software that reaches into treasury, the supply chain, sustainability and more. In the last CTRM sourcebook, Eka claimed 95 customers including household name representative customers like Cargill, Rio Tinto and so on. These were primarily in the energy retail and agricultural producer segments and located in Asia-Pacific, North America, and… continue reading