Attributes Success to Unflinching Singular Focus on Cloud-Based Solution for Treasury Automation
NEW YORK – October 19, 2011. Kyriba Inc., the global leader of cloud-based treasury automation solutions, today announced it ranked 172nd on Deloitte’s Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This is Kyriba’s third consecutive year to be ranked among Deloitte’s Technology Fast 500™.
Kyriba’s Managing Director of North America, Kal Bittianda, credits Kyriba’s commitment to investing in its executive management team and a deep understanding of its client’s needs for the company’s strong revenue growth. Mr. Bittianda said, "Kyriba’s success continues to build as we capitalize on our market-leading position and expand our consulting and services offerings.”
“Kyriba, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Kyriba for its remarkable accomplishment.”
“We are pleased to honor Kyriba as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Kyriba has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
The Deloitte Technology Fast 500™ is the pre-eminent technology awards program in North America. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public, and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, life sciences and emerging areas, such as clean technology. These companies are on the cutting edge and are transforming the way we do business today. The winners for 2011, the Fast 500’s seventeenth anniversary, were determined based on percentage fiscal year revenue growth for the five year period from 2006 to 2010, during which period Kyriba recognized a 557 percent increase in revenue. The ranking includes both public and private companies.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.