Kyriba Doubles its Growth in 2007 with 56 New Clients

With over 130 clients in North America and Europe, Kyriba’s innovative service is definitely filling a need in the market for effective liquidity management solutions. "We are very pleased to see so many treasury operations increasing their productivity with the help of Kyriba," said Jean-Luc Robert, CEO of Kyriba. "We expect to experience similar growth in 2008," concluded Robert. To compliment the tremendous client growth last year and anticipated growth in 2008 Kyriba has also more than doubled its North American staffing. Further, as acknowledgement of their achievements, Kyriba recently received Financial-i’s “Most Innovative Cash Forecasting Solution” award for 2007.

About Kyriba Corporation
Kyriba is a leading provider of Treasury solutions delivered under the Software as a Service (SaaS) model. Customers use the automated online system to better control their daily cash management tasks including bank balances, transaction reporting, payments, cash positioning / forecasting, automated general ledger posting and investment portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba’s daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements and provides seamless integration with third-party applications. Founded in 2000 and based in San Diego, New York, Paris and Rio de Janeiro, Kyriba serves a global client base of more than 130 corporate treasuries, insurance companies and financial institutions.
www.kyriba.com