AWB Selects EKA for its Grain Trading Operations

Bangalore, India (PressExposure) June 19, 2009 -- Eka Software Solutions the leading provider of commodity trading software, announced today that AWB (ASX: AWB) has selected Eka for its grain trading, operations and risk management in Europe and India. The implementation is a vital part of AWB's Global IT strategy to have a common software platform for all of its geographically dispersed agri operations.

“We needed a product with the capability to manage our diverse business operations – origination, trading, domestic, exports and imports, risk management, storage and distribution. Equally important, we were looking for a company that has the development and delivery organization that will be there as a long term partner or AWB’s growing needs. After a highly detailed vendor selection process, we choose Eka. What clearly differentiates Eka’s product is that it is designed from the ground up as a system for meeting the physical requirements of the global agri business. This is very unique and unlike other products in the marketplace that are ‘adapted’ from other commodity markets. Eka’s technology platform is “real” and “current’ - pure JAVA and Web 2.0. And their professional, transparent approach to the whole engagement makes us feel very comfortable in working with them.” Says Byron Collins,

General Manager – Technology & Business Services, AWB.

The Eka solution will be used to manage all commodity operations including physical trading, domestic and export logistics operations, storage and consolidation, risk management, finance and business intelligence, including interfacing with SAP Manav Garg, CEO & Founder of Eka, adds: “We’re thrilled to be working with AWB. It cements Eka’s position as the number 1 solution for the agri commodities business. Managing complex global operations in churning markets and its associated risks is a huge challenge for any company. You need a highly responsive, sophisticated, and technologically evolved product, and Eka is uniquely placed in its abilities to meet these challenges. We look forward to rolling out the solution globally for AWB.”

About AWB

AWB Limited is Australia's leading agribusiness and employs more than 2,200 people across more than 500 points of presence in Australia, India, Brazil, Switzerland and Singapore to the People’s Republic of China and Japan. Seventy-six percent of their employee population works in rural and remote communities. AWB’s client base extends to 110,000 customers, serviced by three core business streams: Landmark Rural Services, Financial Services and Commodity Management. The geographic spread of their activities now sees 40% of earnings from outside of Australia, reflecting the business’ successful growth and diversification strategy.”

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About Eka Software Solutions

Eka Software Solutions is a market leader in software for global commodity markets. Our products and services help companies that buy, sell or trade commodities manage the challenges of volatile markets and 24x7 global operations more efficiently. We see ourselves as partners in our customer’s growth, working with them to improve operational control, increase profitability, accelerate growth and manage risks and exposures. Today, Eka is a 200+ member strong team that caters to clients across a cross-section of commodities, segments and sizes, including leading names like Louis Dreyfus, Noble and CHS.

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Press Release Submitted On: June 19, 2009 at 12:19 am
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