February 26, 2014 (Powerhomebiz.net) Kyriba, the leader in cloud-based treasury management solutions, closed 2013 with a record-breaking fourth quarter. The company had record corporate bookings in Q4 2013, and increased monthly recurring revenue (MRR) by 30 percent, year-over-year. Kyriba signed 120 new clients for its SaaS treasury platform over the course of the year.
Kyriba’s growth over Q4 was highlighted by the addition of several high-profile clients across North America and EMEA. In addition to sales volume growth, Kyriba made significant additions to its headcount throughout the year, including high-caliber members in its executive team.
“The past year saw significant developments for Kyriba. The company secured an $18.2 million in additional capital. This enables us to make further investment in our client success teams and services, product innovation, and geographic reach,” said Jean-Luc Robert, chairman and CEO at Kyriba. “This investment has already been reflected in the growth that we have seen across all markets, as we see accelerated demand for cloud-based treasury management solutions. This puts us in an excellent position to continue our growth trajectory through 2014 and beyond.”
Kyriba is the global leader in Proactive Treasury Management. Our software-as-a-service (SaaS) treasury and risk solutions enable finance teams to optimize their cash, manage their risk, and work their capital. Our award-winning cash, treasury, payment, risk management and supply chain finance solutions are used by more than 750 organizations worldwide, including Amway, Electronic Arts (EA), PulteGroup, Inc., and Qualcomm, to unlock new business value, drive corporate growth and ensure compliance. For more information on how to be more proactive in your treasury management and drive business value, visit http://www.kyriba.com.