[February 08, 2011]

Kyriba Selected to the Red Herring Global 100

Kyriba, the leader of Software-as-a-Service (SaaS (News - Alert)) cash and treasury management solutions, has been selected to the Red Herring Global 100, which celebrates innovations and technologies from leading private companies in North America, Europe, and Asia. In June 2010 Kyriba was selected as a Red Herring (News - Alert) North America award recipient.

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greaest business opportunities from around the world.

"Choosing the best out of the previous three years was by no means a small feat," said Alex Vieux, Chairman of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. Kyriba should be extremely proud of its achievement, the competition was difficult."

"To be globally recognized by Red Herring for this award says a great deal about how far we have come as a company in a relatively short period of time," stated Jean-Luc Robert, CEO of Kyriba. "We attribute our success to our complete focus on a single solution and platform, which allows us to bring innovation to market very rapidly."

About Kyriba Corporation

Kyriba is a global provider of treasury solutions delivered under the Software-as-a-Service (SaaS) model. Customers utilize the online system to automate and better control their daily cash management tasks, including centralization of consolidated bank balance and transaction reporting, payments, cash positioning/forecasting, automated general ledger posting and investment, debt and FX 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 while providing seamless integration with third-party applications.

Founded in 1999 and headquartered in San Diego, Kyriba has operational hubs in New York and Paris, serving a global base of more than 12,500 subscribers across over 360 customers. For more information, visit www.kyriba.com.

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