Kyriba® Delivers 72 Percent Increase in Bookings; Grows MRR 39 Percent in Q3, 2012
SAN DIEGO, CA (PRWEB) October 15, 2012
Kyriba, the leader in cloud-based treasury management solutions, today announced continued momentum with a 72 percent increase in year-over-year bookings and a 39 percent year-over-year increase in monthly recurring revenue (MMR). In addition, MRR increased by 24 percent over the previous quarter.
Kyriba’s continued growth came as a result of several high-profile client wins across North America and Europe, including brands such as health insurance provider, EmblemHealth; Canada’s second-largest pension fund, the Caisse de dépôt et placement du Québec; and global automotive parts supplier, TRW Automotive.
In addition to securing 26 new clients worldwide, Kyriba also signed a number of strategic alliances, including 360T and Pollenware (C2FO), extending the company’s product scope to include additional functionality in trade management and cash optimization. The company was recognized in the Inc. 5000 list as one of the fastest-growing companies in America, following its 161 percent revenue growth over the past three years.
“Kyriba continues to achieve record bookings, even in the face of persistent economic uncertainty on both sides of the Atlantic,” said Jean-Luc Robert, chairman and CEO of Kyriba. “Our continued growth clearly highlights the real need for major organizations to maintain strong visibility over their cash and risk positions, and ensure that their treasury functions are optimized for the global economy. In addition, we are securing a large number of our client contracts against established industry competitors, further demonstrating the strength of our offering and 100 percent SaaS-based delivery.”
Kyriba is the global leader in next generation treasury solutions in the cloud. We enable CFOs and finance teams to optimize their corporate treasury functions by delivering fully-integrated cash, treasury, payment, risk management and supply chain finance solutions through a user-friendly, scalable and secure SaaS platform. Kyriba improves visibility and productivity, enabling our clients to minimize risks and have better control over their treasury and finance decisions. With a client loyalty rate of over 98 percent, we support more than 700 organizations globally including market leaders such as Amway, Electronic Arts (EA), Interpublic Group, PulteGroup, Inc. and Qualcomm. For more information, contact treasury(at)kyriba(dot)com or visit http://www.kyriba.com.