Kyriba Accelerates Growth in the Second Quarter of 2012
July 18, 2012
42% increase in monthly recurring revenue (MRR) year over year; 32 new clients including AOL, Time Warner Cable and Vale select Company’s cloud-based treasury, cash and risk solutions
San Diego, CA – July 18, 2012 – Kyriba, the leader in cloud-based treasury management solutions, today announced the company’s exceptional growth and strong performance in the second quarter of 2012. The company signed on 32 new global clients which resulted in a 42% increase in monthly recurring revenue (MRR) from the same period the prior year and an 11% increase in MRR from Q1 2012. Kyriba also expanded its global reach with the launch of international operations in Japan through a joint venture with SunBridge Corporation as well as launched operations in the UK.
Today, Kyriba is an uncontested leader in the space with one of the largest roster of clients running their SaaS treasury, risk, payment and cash applications. The company counts over 700 global clients with 150+ clients implementing the company’s SaaS-based solutions in the last 12 months.
Kyriba continues to rank among the fastest-growing companies in the U.S. on respected lists such as Deloitte Technology 500, the Red Herring Global 100 and Inc. 5000.
“We are very excited about our accelerated pace of growth, which is a testament to our clients’ need for comprehensive treasury, cash and risk management solutions, all delivered in the Cloud. Our clients are telling us that the flexibility, control and security that our best-in-class software-as-a-service (SaaS) solutions provide enable them to focus on what is most meaningful for them, versus spending money and resources on cumbersome hosted or on-premise software solutions”, said Jean-Luc Robert, CEO, Kyriba. “We look forward to continued global growth and partnering with our clients to ensure their ongoing success”.