Cloud treasury leader reports 30 percent year-on-year growth
SAN DIEGO – February 18, 2014 – Kyriba, the leader in cloud-based treasury management solutions, closed 2013 with a record-breaking fourth quarter. The company had record corporate bookings in Q4 2013, and increased monthly recurring revenue (MRR) by 30 percent, year-over-year. Kyriba signed 120 new clients for its SaaS treasury platform over the course of the year.
Kyriba’s growth over Q4 was highlighted by the addition of several high-profile clients across North America and EMEA. In addition to sales volume growth, Kyriba made significant additions to its headcount throughout the year, including high-caliber members in its executive team.
“The past year saw significant developments for Kyriba. The company secured an $18.2 million in additional capital. This enables us to make further investment in our client success teams and services, product innovation, and geographic reach,” said Jean-Luc Robert, chairman and CEO at Kyriba. “This investment has already been reflected in the growth that we have seen across all markets, as we see accelerated demand for cloud-based treasury management solutions. This puts us in an excellent position to continue our growth trajectory through 2014 and beyond.”