Market Overview

Kyriba Announces 48% First-Half Bookings Growth, Now on Track to Surpass $100 Million in Revenue in 2018

Share:

Kyriba,
the #1 cloud treasury and financial management platform, today announced
that it grew year-over-year sales bookings by 48 percent during the
first half of the year, benefiting from strong performances across all
global markets. The results show continuous acceleration in growth over
the past three years. The company added more than 100 new enterprise
clients during the period, consolidating its leadership in the
cloud-based treasury and risk management solution space, where it now
serves 15 percent of U.S. Fortune 500 companies.

Kyriba CEO Jean-Luc Robert attributed the strong growth to increased
demand from global CFOs and their corporate finance teams who require a
secure, centralized platform to get real-time insight into global cash
and liquidity positions; enhance fraud protection, compliance and risk
management; optimize payments; and accelerate growth opportunities
through working capital optimization and improved decision support.

"We have been delighted by the response of our customers. When it comes
to digital transformation, many global organizations are looking to
upgrade their core treasury and finance operations through Kyriba's
enterprise platform," Robert said. "This ongoing shift is one of several
tailwinds that have enabled us to post such a strong first half, with a
run rate that will see us eclipse $100 million in total revenue by
year-end. Continuing to manage the critical operations of the finance
and treasury department through antiquated technologies such as
spreadsheets or on-premise software is no longer viable in today's
complex, fast-paced global markets. We are committed to building-out our
industry-leading platform, and to expanding the value we bring to our
growing list of customers."

Additional operational highlights during the first half include:

  • Industry recognition – Earlier this year, Kyriba announced
    it had been recognized as a global category leader by technology
    analyst firm IDC in its latest MarketScape for SaaS and cloud-enabled
    treasury and risk management applications.
  • BlackRock partnership  In March, Kyriba and
    BlackRock (NYSE:BLK), a global investment management corporation,
    announced a new strategic partnership that will leverage both firms'
    technology platforms to streamline cash management processes for joint
    clients.
  • Implementations – Kyriba's partner-led implementation model is
    working to get clients up and running quickly and efficiently, with
    Kyriba and its partners completing more than 200 full and partial
    implementations in the first half of 2018.

About Kyriba Corp.

Kyriba empowers financial leaders and their teams with award-winning
solutions for cash and risk management, payments and supply chain
finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise
platform, superior bank connectivity and a seamlessly integrated
solution set for tackling today's most complex financial challenges.
Thousands of companies, including many of the world's
largest organizations, rely on Kyriba to streamline key processes,
protect against loss from fraud and cybercrime, and accelerate growth
opportunities through improved decision support. Technology analyst firm
IDC recognized Kyriba as a global leader in its MarketScape for SaaS and
cloud-enabled treasury and risk management applications for 2017-2018.
Kyriba is headquartered in New York, with offices in San Diego, Paris,
London, Tokyo, Dubai and other major locations. For more information,
visit www.kyriba.com.

To learn more about Kyriba PartnerSURGE or to join our partner program,
email treasury@kyriba.com.

Engage with Kyriba

View Comments and Join the Discussion!