Kyriba Reports Strong Results for Third Quarter Fiscal 2009

Treasury Management Solution Contract Value Increased 25%
SAN DIEGO--(Business Wire)--
Kyriba Corporation, the leader of on-demand cash and treasury management
solutions, announced today that it accelerated revenue growth through the first
three quarters of 2009 and expects to surpass its previous record for annual
revenue achieved in 2008. "The difficult economic environment causes companies
to seek greater visibility into cash positions and control over managing
liquidity," said Kyriba`s CEO, Jean-Luc Robert. "Our focus on delivering the
information and insights that financial professionals need is helping our
customers weather the storm of the global financial crisis."

During the nine-month period ended September 30th, Kyriba added 50 clients
globally. Total contract value for the same period increased 25 percent over
2008, fueled both by Kyriba`s expanding global footprint and increased adoption
of add-on modules by its client base.

Kyriba continues to see strong worldwide demand for robust cash and treasury
management solutions, particularly among those companies that value the
ease-of-use, rapid implementations and lower up-front costs inherent in the
Software as a Service (SaaS) delivery model.

Notes Robert, "Kyriba`s core focus on cash and liquidity management combined
with the SaaS deployment enables companies to effectively safeguard their assets
and maximize cash performance more readily than was possible just a few years
ago. Our significant expansion in this current economic climate is surely a
testament to the solutions we provide and the commitment of Kyriba`s dedicated
and experienced professionals."

About Kyriba Corporation

Kyriba is a global provider of treasury solutions delivered under the
Software-as-a-Service (SaaS) model. Customers utilize the online system to
automate and better control their daily cash management tasks, including
centralization of consolidated bank balance and transaction reporting, payments,
cash positioning/forecasting, automated general ledger posting and investment,
debt and FX portfolio reporting. The system automatically collects bank
statements and facilitates automated cash, bank, and ledger reconciliations
through Kyriba`s daily bank connectivity monitoring service. The solution also
meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control
requirements while providing seamless integration with third-party applications.
Founded in 2000 and headquartered in San Diego, Kyriba has offices in New York,
Paris, Milan, Hong Kong, and Rio de Janeiro serving a global client base of more
than 7,000 subscribers across several hundred corporations, insurance companies,
and financial institutions. For more information, visit www.kyriba.com.

Media contact:
Kyriba Corporation
Leslie Regino, 212-784-5584
lregino@kyriba.com

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