San Diego, CA (PRWEB) August 24, 2012
Kyriba, the leader in cloud-based treasury management solutions, today announced it has again been placed on Inc. magazines Inc. 5000 list of fastest growing private companies in America. Recognized for its 161 percent revenue growth from 2008 to 2011, as well as its 98 percent client loyalty rate, Kyriba was ranked at no. 1,766 on the overall list and no. 37 in the San Diego area.
The Inc. 5000 rankings cap off an impressive Q2 2012 for Kyriba, which includes accelerated growth figures, significant client wins and extended global reach. In the second quarter, the company signed on 32 new global clients which resulted in a 42% increase in monthly recurring revenue (MRR) from the same period the prior year. 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. New client wins for the quarter included companies such as AOL, Time Warner Cable and Vale. More than 700 organizations around the world use Kyribas SaaS treasury solutions to minimize risks and have better control over their treasury and finance decisions.
We are proud to make this distinguished ranking as one of Inc.s fastest-growing private companies, said Jean-Luc Robert, CEO, Kyriba. These rankings, along with the companys impressive revenue and user growth, are an acknowledgment of the companys momentum, our focus on client success, and the growing need for organizations to optimize their cash through a secure SaaS platform.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is, said Inc. Editor Eric Schurenberg.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independentnot subsidiaries or divisions of other companiesas of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $ 100,000; the minimum for 2011 is $ 2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.s September issue. They represent the top tier of the Inc. 5000.
Kyriba is the global leader in next generation treasury solutions in the Cloud. We enable CFOs and finance teams to optimize their corporate treasury functions by delivering fully-integrated cash, treasury, payment, risk management and supply chain finance solutions through a user-friendly, scalable and secure SaaS platform. Kyriba improves visibility and productivity, enabling our clients to minimize risks and have better control over their treasury and finance decisions. With a client loyalty rate of over 98%, we support more than 700 organizations globally including market leaders such as Amway, Electronic Arts (EA), Interpublic Group, PulteGroup, Inc. and Qualcomm. For more information, contact treasury(at)kyriba(dot)com or visit http://www.kyriba.com
Director of Interactive Marketing, Kyriba Corporation