Company Added over 200 Clients Delivering 55% Increase in Subscription Revenue in 2011
San Diego, CA – March 6, 2012 – Kyriba, the leader in cloud-based cash and treasury management solutions today announced record year-over-year growth with a 55 percent increase in subscription revenue in 2011. Kyriba added over 200 new clients, closing 2011 with 600 accounts and over 20,000 users globally.
Kyriba recently introduced a wealth of new functional enhancements to its award-winning SaaS platform to enhance support for risk management, supply chain finance, cash forecasting, and multi-lingual requirements. Kyriba now offers complete global visibility for organizations wanting to combine cash, treasury, and risk management on one fully integrated cloud-based platform.
“I am pleased to report another record year for Kyriba in terms of revenue and customer growth. Our sustained growth and geographic expansion are attributable to the quality of the Kyriba integrated solution and expertise of the Kyriba service and support team,” commented Jean-Luc Robert, CEO of Kyriba.
About Kyriba Corporation
Kyriba is the global leader in corporate treasury automation. We deliver a fully-integrated, best-in-class, cloud-based (SaaS) treasury management solution through a user-friendly, highly flexible and secure platform that meets corporate treasury needs and covers the complete chain of liquidity, financial instruments and back office management, including worldwide bank connectivity. Kyriba allows for optimized decision-making, minimized risks, enhanced control and compliance and increased operational productivity. Founded in 2000 and headquartered in San Diego, Kyriba has operational and support centers in New York, Paris, Milan, Minsk, Rio de Janeiro, Hong Kong and Chongqing. Visit kyriba.com to find out more.
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