We’re now well into 2014, so I’m delighted to have the opportunity to give an update on where Kyriba stands at the moment. We recently closed the books on the first quarter of the year, which proved to be yet another record-breaker. We signed 45 new clients across the quarter. We now have clients across North and South America, Europe and Asia – in fact Kyriba now delivers value to treasury teams across 98 countries, with more than 800 clients worldwide.
The first quarter also saw a lot of corporate developments for the company. We established our South East Asian headquarters, with the opening of our office in Singapore. Here in the U.S., we moved into new 17,000 square foot headquarters in San Diego.
We also made a number of major hires to our executive team, with the appointment of Alex Fitzgpatrick as chief legal officer and Catherine Moore as SVP of global human resources. As Kyriba expands and develops as an organization, I believe that Alex and Catherine will play a pivotal role in shaping the way that Kyriba operates, as well as ensuring that the company hires and retains the best talent. Michael Fullmer has also joined the leadership team as our managing director for South East Asia. I have no doubt that under his guidance, Kyriba will become the major force in the region for treasury management.
Last, Kyriba continues to earn high marks from major influencers in the treasury industry. A recent report from Apps Run The World positioned Kyriba as the fastest-growing company SaaS treasury market, and the fourth-fastest growing among all 70+ treasury technology vendors. The report also highlights that, although the treasury and risk technology market will grow at about nine percent until 2018, growth from subscriptions will be more than double, at 21 percent. This clearly shows that if you are not using a SaaS-powered treasury management system, you’re backing the wrong horse.
As you can see, 2014 is already shaping up to be our best year ever. I look forward to sharing more details with you as the year progresses.