Yet another SaaS treasury management provider of cloud-based treasury, Kyriba, announced record-breaking revenues in 2012, and the signing of a broad range of high-profile clients and technology partners.

Kyriba's 36 percent growth in monthly recurring revenue (MRR) in 2012 was boosted by the addition of many high-profile clients worldwide, including brands such as AOL, Time Warner Cable, TRW Automotive, United Heritage Insurance and Vale. In addition, overall bookings in the second half of 2012 increased by 50 percent over the same period in 2011.

The company launched Kyriba Cloud Treasury SuiteApp, bringing new treasury functionality for users of the NetSuite SaaS-based ERP platform. It also introduced Kyriba Mobile. Key alliances were formed with a number of high-profile technology innovators, including WNS, Pollenware, and 360T. These alliances have brought wide-ranging functionality enhancements to Kyriba's 700 global clients.


Kyriba bolstered its global presence with the addition of new offices in London and Tokyo. Kyriba Japan was established as a joint venture between Kyriba, and a number of local companies.