Eka Software Acquires EnCompass

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The commodities trading software provider, based in Bangalore, India, says the move will help it provide comprehensive energy trading and risk management (ETRM) support.

EnCompass offers a transaction management system for energy traders that covers a multitude of commodities as well as foreign exchange markets, and will be part of Eka's broader global growth strategy. EnCompass's co-founders, Andy Bout and Stewart Brightman, will take on senior roles at Eka as part of the buy.

"The EnCompass product is the result of a decade of experience of working with energy traders, middle-office and back-office functions. The benefits of this experience are evident from the impressive client roster and the acknowledged best-practices built into the product's business processes," says Manav Garg, Founder & CEO of Eka Software.

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