Apps Run Treasury calls out Kyriba’s 27 percent annual growth in subscription revenues
SAN DIEGO, March 31, 2014 - Kyriba, the leader in cloud-based treasury management software, has been highlighted as the fastest-growing pure software-as-a-service (SaaS) treasury management software vendor, according to data released by the technology analyst firm, Apps Run The World. The report, Apps Run Treasury, calls out Kyriba’s 27 percent annual growth in subscriptions revenue, highlighting the company’s “robust growth with 120 wins,” over the course of 2013.
The report also forecasts strong growth in the treasury and risk management software space, calling out SaaS-based software as a particular growth area. Overall, the industry is forecast to grow from $2.2bn in 2013 to $3.5bn by 2018 – 9.3 percent compound annual growth rate (CAGR). The Asia Pacific market, where Kyriba recently added a third office, based in Singapore, is expected to be the fastest-growing region, with a CAGR of 12.5 percent. Subscription-based SaaS software will contribute the majority of growth in the industry, at 21.5 percent CAGR, while revenues from on-premise and ASP solutions are only forecast to see 4.1 percent CAGR, according to the report.
“We have a hardworking and dedicated team that is committed to delivering the best treasury technology and service to our clients, so we are delighted to see that this is reflected in Kyriba’s position as the fastest-growing company in our field,” said Jean-Luc Robert, chairman and CEO of Kyriba. “Kyriba is the only treasury software vendor that has developed its product as a 100 percent SaaS solution, from the ground up. This approach has been proven to be very beneficial for our clients, and that is why Kyriba now powers treasury management for more than 800 organizations worldwide.”