Amid significant growth in its commodity and direct materials businesses, Eka Software Solutions, the leading cloud platform for supply chain management, will dramatically increase its global headcount with more than 100 new hires, representing a 25 percent workforce increase. Eka’s expansion results from an increasing number of commodity management and direct materials enterprises selecting Eka’s Cloud Platform to digitize their supply chains and enhance their resiliency. With increasing demand for digitalization and end-to-end, cloud-based solutions, Eka experienced a banner year for growth in 2020, achieving a 60% increase in Annual Contract Value (ACV) while adding $70 million in Total Contract Value (TCV). Eka has a strong focus on product innovation, injecting nearly 30 percent of its profits into research and development. With organic customer growth, combined with new market opportunities through its product roadmap, Eka will expand its customer-facing workforce across product development, sales, delivery and support over the next ten months. Rajesh Jagannathan, Eka Chief Operating Officer said the company’s rapid growth coincides with an inflection point within the commodity and direct materials space, as companies increasingly shift towards digital solutions for greater resilience and control. In the coming months, in line with its goal to provide best-in-class, integrated supply… continue reading
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Source: CTRM Center