Kyriba, leader of the Software-as-a-Service (SaaS) cash and Treasury management solutions, today announced record growth of 55% of recurrent revenue for the current period from the same period a year ago. Since January 1, Kyriba added 86 new business clients around the world, over 130 for all of 2010. To support this growth, in the past five months, the company increased its global workforce by 40 professionals, mainly in sales services, technologies and customers.
In the world, Kyriba became the market leader in automation solutions based on the clouds of the Treasury Board. In October 2010 Kyriba raised $10. 6 M funding, which is used to drive accelerated growth in the world and in support of the continuation of the improvements in capacity and performance of the solution.
"With more than half of the year still before us, Kyriba is posting record results, said Jean-Luc Robert, CEO of Kyriba." Funding of our strategic and financial investors, as well as our operations solid cash flow, allows us to hire the best talent in the market, offers it the richest automation solution based on the clouds of the Treasury Board in the industry, providing a property customer experience second to none and add new customers to our faster than its competitors list"," added Mr. Robert.
About Kyriba Corporation
Kyriba is a (TMS) provider of management systems of the world Treasury architected and delivered as a Software-as-a-Service (SaaS) offering. Customers using the solution online, award-winning to automate and better control of all their liquidity management of day-to-day activities. Web Kyriba model allows customers to minimize or eliminate the use of portals and calculation sheets, reduce risk, improve compliance and increasing the efficiency and productivity of the Bank. The solution addresses rigorous audit trail 404 of the Sarbanes-Oxley Act, workflow and control requirements while providing seamless connectivity with a multitude of banks in the world and simple integration with third-party financial applications.
Founded in 2000 and based in San Diego, Kyriba has operational and support centres in New York, Paris, Milan, Minsk, Rio de Janeiro, Hong Kong and Chongqing, serving a global base of + 15,000 subscribers through more than 450 clients. For more information, please visit http://www.kyriba.com.
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