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Paris and Boston, October 14, 2004

The company has appointed Didier Martineau to General Manager, European Operations. Martineau has over 15 years of experience in various senior technology and marketing roles. Martineau brings extensive experience in operations, marketing, strategic planning and business development to the position from ten years at Software AG where he was the CTO, Director of Marketing, Professional Services manager and member of the management committee, and 6 years as a consultant and operations manager at Borland International.

"Didier is a perfect fit for our executive team," said Jean-Luc Robert, president and CEO of Kyriba. "He brings leadership, discipline and flawless execution skills. He is also a deep, strategic thinker who brings an exceptional mind to our competitive environment."

Martineau said about his appointment "I am excited to join Kyriba, just as it poised for explosive growth. I´m looking forward to extending Kyriba´s leadership in on-demand cash management."

Separately, the company is announcing the appointment of Borys Antoniewicz to Senior Treasury Advisor, North America. Antoniewicz will be managing pre & post sales implementation services for the company´s platinum clients. Antoniewicz is a Certified Treasury Professional (CTP). Kyriba is planning a meet and greet for Antoniewicz at the Association of Financial Professionals (AFP) 2004 Conference in San Diego, November 7 – 10 in Kyriba´s booth 110.

Antoniewicz joined Kyriba from H.B. Fuller where he built and managed a centralized Foreign Exchange cost center across the Americas, Europe and Asia. At Alterna Technologies Group, Antoniewicz was a liquidity and cash management applications consultant specializing in integrating web based Treasury, Netting, Payment/Settlement, In-House Banking and multi currency FX solutions. And at Intuit, Antoniewicz developed, tested and supported cash flow management solutions.

"We are extremely excited to attract someone with Borys´s background and skills," said Jean-Michel Six, General Manager, Kyriba North America. "Borys will provide extensive cash management implementation know-how that will help the Kyriba achieve its goals. He will continue our drive to be customer focused. And his experience with several world class companies will be a tremendous asset for Kyriba."

About Kyriba:
Kyriba Corporation is the market leader in real time, web based on-demand Cash management. Our very affordable ASP pricing and value packed cash management solution puts customers in control of their liquidity, forecasting and treasury management needs. Kyriba meets stringent Sarbannes-Oxley 404 audit trail workflow and control requirements. Kyriba is privately held. Our investors include American Express, Commerzbank AG, GRP Partners and Mangrove Capital Partners.

Contact:
Jennifer McCarthy
Vice President Marketing
Kyriba Corporation
jmccarthy@kyriba.com
(858) 764-2458

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