Kyriba Named as 2010 Red Herring 100 North America Award Winner

San Diego, CA – June 25, 2010 – Kyriba, the leader of Software-as-a-Service (SaaS) cash and treasury management solutions, today announced it has been named a winner of the Red Herring North America 100 award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region. The Red Herring editorial team selected the most innovative companies across North America from a pool of hundreds. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Kyriba embodies the vision, drive and innovation that define a successful entrepreneurial venture. Kyriba should be proud of its accomplishment, as the competition was very strong.”

“Red Herring’s award is a noteworthy achievement for Kyriba,” commented Kyriba’s CEO, Jean-Luc Robert. “The qualification process associated with this prestigious distinction is extensive. Only those companies with a superior market presence and organizational strength are recognized, and we this honor.”

The Top 100 winners were announced at a special awards ceremony on June 24th.