Monday, October 5, 2009
Kyriba Claims Gains
San Diego-based Kyriba, a developer of software-as-a-service for cash and treasury management, claimed today that it has "strong" results for the third quarter. The privately held firm did not disclose any actual financials. The firm claimed that the firm's business has been driven by the difficult economic environment, which makes companies to look into greater visibility of their cash and liquidity. Kybriba said that it added 50 clients in the first nine months of the year, and had an increase of 25 percent over total contract value versus last year. Kyriba is venture backed by GRP Venture Capital and BRED Banque Populaire.