Bangalore, India (PressExposure) September 03, 2009 -- Eka Software Solutions, the leading provider of Commodity Trading and Risk Management software, was felicitated by NASSCOM for being one of India's top Ten emerging software companies as part of its EMERGE forum.
NASSCOM EMERGE initiative is targeted at emerging software companies from India that are redefining the benchmark of excellence for the Indian IT industry. Eka Software is only one of two product companies that made it to the top ten. High potential growth along with focus on domain specialization were some of the key parameters in the selection process that brought Eka to the fore under the EMERGE PRODUCTS category.
Out of 205 entries received across four categories of (37 in the Growth category, 67 in Services, 58 in Products and 43 in markets), only 50 companies where shortlisted, from which the top 10 were finally selected. In the exhaustive selection process, NASSCOM's jury members met with the 50 shortlisted companies who had to present the market scenario, their service or solution, business model and growth strategies. The selection criteria included key differentiators, the presence of the company in emerging/domestic markets, growth rate over the past 2- 3 years, unique value proposition, the organizational work model i.e. the efficacy of the management team, as well as unique delivery model. Describing the winners, the jury members stated that "these are companies which are identified and recognized as great potential companies in the making, who can be treated as role models and a source of inspiration to others'.
Since its inception, Eka has consolidated its position as a leading provider of software solutions for the global commodities market. This has been enabled by Eka's best-of breed and technologically superior product which has been adapted by some of the largest commodity houses in the world. Providing the vision and strategy to Eka's growth and fore fronting it in its global foray has been its strong team spread across India, US and Europe. Targeting a growing industry segment, Eka continues to experience a steady year-on- year growth in terms of revenue, customers and market expansion.
"On behalf of all of us at Eka, I would like to say, that we are extremely pleased about being recognized as one of NASSCOM's Top Ten Emerge companies. The way I see it, the EMERGE 10 Award is not only a recognition of our product and our customer service that continues to bring us business success, but also a recognition of the effort of our entire team whose dedication and hard work has made Eka one of India's leading software product companies." Says Mr. Manav Garg, CEO & Founder Eka Software. Commenting on the Award itself, Mr. Garg adds, "NASSCOM's effort in providing a platform for emerging companies to showcase their achievements is highly appreciable. Nasscom and the jury members should be praised for the all the hard work and dedication they have put into the Emerge forum and for making it a success."