Paris and Boston, November 9, 2004

Kyriba Corporation (www.kyriba.com), the market leader in real time web based on-demand Cash management, announces the release of KyribaTi version 4.1.

The new release includes upgrades to target balancing, daily cash positioning and cash flow forecasting. The release also includes a customizable individual user "to-do" list which allows for a chronological order of daily tasks that organizes work and promotes backup process and procedures for a treasury department.

"Today all of our customers received the latest version of Kyriba´s treasury and cash management solution instantly; no client specific installation or maintenance was required. Our ASP strategy of integration and ability to share powerful software features among all of our customers without a maintenance burden is a competitive advantage. Kyriba remains focused on providing our customers a strong advantage in performance and cost over other solutions in the market. Our leadership position in web enabled ASP based treasury and cash management solutions allows us to rapidly address our customer needs and deliver greater functionality," said Jean-Luc Robert, Kyriba CEO.

To learn more, visit Kyriba at the 2004 AFP Conference in San Diego, 7 – 9 November in Booth 110.

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 a privately held company. 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