subject: Kyriba Ranked 172nd Fastest Growing Company In North America On Deloittes 2011 Technology Fast 50 [print this page] Attributes Success to Unflinching Singular Focus on Cloud-Based Solution for Treasury Automation
NEW YORK October 19, 2011 Kyriba Inc., the global leader of cloud-based treasury automation solutions, today announced it ranked 172nd on Deloittes Technology Fast 500, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This is Kyribas third consecutive year to be ranked among Deloittes Technology Fast 500.
Kyribas Managing Director of North America, Kal Bittianda, credits Kyribas commitment to investing in its executive management team and a deep understanding of its clients needs for the companys strong revenue growth. Mr. Bittianda said, "Kyribas success continues to build as we capitalize on our market-leading position and expand our consulting and services offerings.
Kyriba, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history, said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Kyriba for its remarkable accomplishment.
We are pleased to honor Kyriba as a 2011 Technology Fast 500 company, said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. As one of the fastest growing tech companies in North America, Kyriba has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.
The Deloitte Technology Fast 500 is the pre-eminent technology awards program in North America. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies large, small, public, and private span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, life sciences and emerging areas, such as clean technology. These companies are on the cutting edge and are transforming the way we do business today. The winners for 2011, the Fast 500s seventeenth anniversary, were determined based on percentage fiscal year revenue growth for the five year period from 2006 to 2010, during which period Kyriba recognized a 557 percent increase in revenue. The ranking includes both public and private companies.
About Deloittes 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Kyriba Corporation
Kyriba, the global leader in treasury automation, offers a best-in-class, cloud-based solution that delivers optimized decision-making, minimized risks, enhanced control and compliance and increased operational productivity. Organizations use the award-winning, online solution to automate and better control all their daily liquidity management activities. Kyribas on-demand model enables clients to minimize or eliminate the use of spreadsheets and bank portals. The solution meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements while providing seamless connectivity with a multitude of banks worldwide and straightforward integration with 3rd party financial applications.
Founded in 2000 and headquartered in San Diego, Kyriba has operational and support centers in New York, Paris, Milan, Minsk, Rio de Janeiro, Hong Kong and Chongqing, serving a global base of 15,000+ subscribers across more than 500 clients. Our unique expertise and leadership is based on more than 200 passionate Kyriba employees. www.kyriba.com
