The Kyriba press release yesterday announced it had surpassed $110M in revenue in 2018 and is anticipating 40 per cent growth in the new year.
Last year, Kyriba signed more than 229 new enterprise clients, including Eastman Chemical, Eisai Co. Ltd., Hitachi High-Tech, Informa, Palo Alto Networks, Peloton, Ripple Labs, and many more.
Kyriba listed these major developments:
- Product Innovation – Kyriba launched several major new products last year, including a new business intelligence module, for enhanced data visualization and insight, as well as new lease accounting functionality, for streamlining the rigorous accounting requirements of IFRS 16. (Plus they announced the acquisition of enterprise currency management leader FiREapps)
- Expanded Leadership – The company added several key additions to its management team, including Kevin Bryla, Chief Marketing Officer, who previously served as global CMO at ADP, and held executive positions at GE, Ingersoll Rand, and Trane; and Chief People Officer Tina Figueroa, a former senior executive at AdColony, theAudience and Cornerstone OnDemand.
- Expanded Partner Ecosystem – Kyriba announced new partnerships and platform integrations with BlackRock, a global investment management corporation, and WorldFirst, the foreign exchange and international payments expert.
- Industry Recognition – Kyriba was recognized by technology analyst firm IDC as a leader for cloud-enabled treasury and risk management applications in 2017-2018, while also being named to the Fintech 250 by CB Insights. Kyriba clients also received recognition for their treasury innovation by the Association for Financial Professionals, Association of Corporate Treasurers, EuroFinance, Adam Smith, Alexander Hamilton, TMI and more.
Why so successful?
Kyriba claims that the 229+ enterprise clients who signed with them did so because “they are trusted by these and other major brands to seamlessly connect their disparate financial systems – banks, ERPs and other systems – so they can better mobilise and protect their global cash and liquidity.”
It is much more than that, the trust is earnt by their reputation (not only the awards they won but client recommendations as well); by the partner ecosystem; by the power of their global marketing and delivery set up. No-competitor is close to matching its integrated global coverage.
CTMfile take: In 2019 the problem for Kyriba will be maintaining this high level of growth whilst at the same time maintaining the level of service delivery AND improving system functionality.
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