Singapore-based JustCommodity is coming off a record year according to its CEO, Mr. Joel Lou. The software vendor has been growing by more than 30% year on year over the last 3 financial years. In 2014, JustCommodity closed 8 new license deals for its CxC software that included two very large and significant deals with OLAM and Export Trading Group. While around three quarters of those new customers were based in Asia, cementing JustCommodity’s claim as a leading Asian CTRM, the remainder were either in Europe or the Middle East – Africa region. OLAM selected JustCommodity during 2014 and is currently implementing the software for their edible oils and rubber trading desks with other trading desks to come later. Meanwhile, the company is also implementing Export Trading Group, a deal JustCommodity landed after fierce competition with several other vendors in the space. Another key win for JustCommodity may just well be unique in the industry in that the company won its first Chinese client in the form of the largest state-owned rubber company in China. Mr. Lou attributes the company’s Chinese presence and language capabilities in helping to gain a toehold in that huge but notoriously difficult Asian market. While … continue reading
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