San Diego (PRWEB) November 13, 2013
Kyriba, the leader in cloud-based treasury management solutions, today announced it ranked 338th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Kyriba grew 234 percent during this period.
Kyriba was recognized in the rankings for the fourth year in succession. This year has seen Kyriba achieve record revenue growth and reach several major corporate milestones. The company closed an $18.2 million Series B funding round and made a number of executive team hires, both in North America and Asia. Additionally, Kyriba secured several high-profile technology and reseller partnerships.
“This year has seen Kyriba mature as an organization, and we have made major advances across the board, ranging from high-profile hires to major product upgrades and technology partnerships,” said Jean-Luc Robert, chairman and CEO of Kyriba. “As a result of this, we have been able to continue our rapid growth trajectory. Our Proactive Treasury Management approach is resonating very well among our clients and the broader treasury industry, as finance departments see the need to create business value in the “new normal” of economic volatility. I’m confident that our growth both in North America and overseas will continue for the coming years and I congratulate the whole team on its achievements throughout 2013.”
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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, contact treasury(at)kyriba(dot)com or visit http://www.kyriba.com.