Eka Software Solutions & Black Hawk Resources to combine expertise to serve the Metals Processing Community

Bangalore - 17 August 2010

First Eka partnership with Metals Service Provider

Eka Software Solutions, a leading provider of Commodity Trade and Risk Management (CTRM) software will partner with Black Hawk Resources, a provider of procurement services and commodity product sales. The partners will offer a combined solution of Black Hawk expertise with Eka’s software.

Metals processing organizations have many challenges: achieving operational efficiencies, hedge accounting, risk management, and compliance reporting. The two partners will draw upon Black Hawk’s consulting expertise in developing commodity procurement strategies. Black Hawk’s recommendations to its clients can then be implemented by Eka’s software so that procurement operations are keyed to support management’s goals for revenue and margins.

“In my previous roles as risk manager with two Metal Processors and a major trading company, I worked extensively with other software systems. Eka has been a well-kept secret and was unknown to me at that time. In my view, Eka’s software is today best in class, modeled for metals operations with modern analytic tools to protect and boost operating margins. I am very pleased to partner with Eka to provide a combined offering of our risk management services coupled to this sophisticated software that implements our recommended strategies,” said Scott Stewart, Director, at Black Hawk Resources Ltd.

“This partnership will add significant value to companies seeking to adopt best practice in commodity hedging and price risk management operations. Scott’s experience as a hands-on operations and risk manager gives him tremendous insight and credibility with Metal Processors and their customers. Eka’s software for Metal Processors is specifically designed to implement Black Hawk’s recommendations to ensure that processing margins are protected, captured and realized,” said Daniel McEvoy, Vice President, Global Head of Metals & Mining, Eka Software Solutions.

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