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Eka Software to increase workforce by 25% for global expansion

Eka Software to increase workforce by 25% for global expansion
Photo Credit: Pixabay
9 Apr, 2021

As the demand for end-to-end supply chain solutions grows, Bengaluru and Connecticut based SaaS firm Eka Software has announced the plan to increase its global workforce by 25% over the next 10 months. 

The company, which currently employs about 400 people, said it will hire more than 100 people as part of an effort to expand its global footprint. The roles will open in multiple departments, including product development, sales, delivery, and support, it said. 

The expansion comes on the back of strong business growth for Eka, driven by the growing digitization demand for greater resilience and control.  

According to the statement from the company, which offers an integrated cloud platform for supply chain management, its solutions resulted in a 60% increase in Annual Contract Value (ACV) and an addition of $70 million in Total Contract Value (TCV). 

This resulted in a 60% increase in Annual Contract Value (ACV) and an addition of $70 million in Total Contract Value (TCV). Globally, it supports over 100 clients at present. 

“Eka is focused on redefining the digital experience for our customers by delivering a total, end-to-end platform for commodities and direct materials across agriculture, energy, metals and mining,” Rajesh Jagannathan, the COO of the company, said in the statement.  

“As we ready ourselves to deliver an expanded product offering, we are actively growing our team to meet the needs and exceed the servicing expectations of our discerning customer base,” he added.  

The company claims to inject close to 30% of its profits into product research and development (R&D).  

Read: Freshworks, Eka founders to set up fund for SaaS startups 

Moving ahead, it plans to add multiple solutions to its cloud platform, including enhanced commodity trading and risk management (CTRM) solutions, E-sourcing for direct material procurement, and a suite of new sustainability and ESG solutions.