Kyriba Sees Record Client Acquisition Numbers in Q1 2014
Forty-five new clients signed worldwide, driving 30 percent year-on-year same-quarter growth
SAN DIEGO – April 22, 2014 – Kyriba, the leader in cloud-based treasury management solutions, signed a record number of clients during Q1 2014. The company added 45 new clients for its SaaS-based treasury management system, including 21 through its sales channel, bringing the total to over 800 enterprise clients worldwide. Kyriba also recorded a 30 percent growth in monthly recurring revenue (MRR) over Q1 2013.
Kyriba saw strong sales across all markets – North America, Northern and Southern Europe, and Asia – including brands such as thermal management technology leader, Modine Manufacturing Company; leading global real estate owner, developer and investment manager, The Rockefeller Group; and France’s second-largest oil company, Etablissements Maurel et Prom S.A.
Kyriba also reached a significant number of corporate milestones during Q1. The company established a presence in its seventh market, in Singapore. In addition, it strengthened its senior leadership team, with the addition of three new executives. Michael Fullmer joined as managing director, SEA, based in Singapore, while Catherine Moore joined as SVP of global human resources and Alex Fitzpatrick joined as chief legal officer, both based in Kyriba’s San Diego headquarters.
“The first quarter of 2014 cemented our position as a powerful global player in enterprise financial software,” said Jean-Luc Robert, chairman and CEO of Kyriba. “We saw strong momentum across all direct sales territories, and launched our South East Asian offices in Singapore. This quarter also saw excellent momentum with our network of channel partners, and we believe that they will continue to drive considerable revenues across Europe, North America and South America.”