Kyriba, a cloud-based treasury management solutions provider, have announced the strong growth in the second quarter of 2012. The company signed on 32 new global clients - including AOL, Time Warner Cable and Vale - which resulted in a 42% increase in monthly recurring revenue (MRR) from the same period the prior year and an 11% increase in MRR from Q1 2012. Kyriba also expanded its global reach with the launch of international operations in Japan through a joint venture with SunBridge Corporation as well as launched operations in the UK.

The company has over 700 global clients with 150+ clients implementing the company's SaaS-based solutions in the last 12 months.