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Kyriba Doubles Growth in 2008 |
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San Diego, CA – January 29, 2009 - Kyriba Corporation, the leader of web-based cash and treasury management solutions, today announced it doubled its revenue for 2008 with the addition of 90 new clients and ended the year with over 200 clients globally.
To compliment the growing demand for its solutions, Kyriba opened two new offices in 2008; one in New York City’s Financial District and the other in Hong Kong, expanding the product’s reach into the Asia-Pacific region. To support the growing client base, Kyriba added 20 additional staff throughout the year.
“2008 was another strong year for Kyriba and we continue to make significant investments in our team and our product to keep pace with market demands and our customers’ needs," stated Jean-Luc Robert, CEO of Kyriba. “Visibility, cash control, and liquidity management are paramount in today’s global economy. Kyriba is strongly positioned with an ASP deployment model and core focus on cash management, which explains our continued success in a difficult economic environment.”
About Kyriba Corporation
Kyriba is a global provider of treasury solutions delivered under the Software-as-a-Service (SaaS) model. Customers utilize the online system to automate and better control their daily cash management tasks, including centralization of consolidated bank balance and transaction reporting, payments, cash positioning/forecasting, automated general ledger posting and investment, debt and FX portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba’s daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements while providing seamless integration with third-party applications. Founded in 2000 and headquartered in San Diego, Kyriba has offices in New York, Paris, Milan, Hong Kong, and Rio de Janeiro serving a global client base of more than 7,000 subscribers across several hundred corporations, insurance companies, and financial institutions.
Media contact:
Leslie Regino, Kyriba Corporation, 212-784-5584, lregino@kyriba.com
For more information, visit www.kyriba.com
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