Kyriba Strengths, Domain Expertise, and Key Differentiators
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and working capital optimization. Kyriba delivers a highly secure, 100% SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges.
Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and financial risk, and accelerate growth opportunities through improved decision support.
Kyriba Recent Developments
Kyriba has launched a real-time payments service through JP Morgan’s application programming interface. The new service will enable clients of both entities to send real-time payments in the US through The Clearing House’s (TCH) RTP network.
Kyriba Mergers and Acquisitions (M&A) Activities
In April 2019, Kyriba acquired FiREapps to manage global foreign exchange risk, enabling finance chiefs to mitigate the impact of currency fluctuations on earnings per share. The integration of FiREapps’ capabilities into its enterprise platform enables all treasury and risk decision making to be delivered in a single solution.
Kyriba Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Kyriba applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Kyriba and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Kyriba Enterprise, customers.
Ownership: - Upfront Ventures, Iris Capital, BRED Banque, Daher Capital, HSBC
Number of Employees: 743
Functional Markets: Treasury and Risk Management,
Key Verticals: Banking and Financial Services, Construction and Real Estate, Consumer Packaged Goods, Education, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Oil and Gas, Professional Services, Retail, Transportation, Utility,
Kyriba Key Enterprise and Cloud Applications
Kyriba Revenues, $M:
|Type/Year||2017||2018||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Kyriba Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Kyriba Enterprise Applications Revenues By Functional Markets, $M:
Kyriba Enterprise Applications Revenues By Verticals, $M:
Kyriba Revenues By Region, $M
|Region||% of Total Revenues||2018 Total Revenues, $M||2018 Enterprise Applications Revenues, $M||2018 Cloud Applications Revenues, $M|
Kyriba Direct vs Indirect sales
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Kyriba Customers - Breakdown by Geo, Size, Vertical and Product
No. of Kyriba Customers: 2000
No. of Kyriba Enterprise Applications Customers: 2000
No. of Kyriba Cloud Customers: 2000
No. of Kyriba Cloud Subscribers: 65000
Kyriba delivers superior payments options and bank connectivity for more than 2,000 clients worldwide, enhanced its customer base for more than 200 customers comparable with 2018 that had near 1800 clients.
Kyriba in the end of 2018 has more than 100 clients in the Asia-Pacific region, including Japan, as the company continues to see strong demand for its enterprise platform worldwide.
In the end of 2018, Grab, Southeast Asia online-to-offline mobile platform is leveraging the use of Kyriba to optimize its treasury operations including improving cash visibility and automation opportunities that better position the company for accelerated growth and expansion. Also Danone Asia PTE.LTD., food and beverage company, selected Kyriba to centralize, automate and secure global treasury operations.
Among its other customers are Adecco, Galderma, Novartis International AG, SITA, Colas, Amway, AOL, Atlas Air Worldwide Holdings, Inc., Avis Budget Group, Beazer Homes, Booz Allen Hamilton, Career Builder, Cunningham Lindsey, Cymer, David's Bridal, DDR Corp, Digital Realty Trust, DRS Technologies, Ecolab, Electronic Arts, EmblemHealth , Erickson Living, Expedia, Kate Spade, Five Star Senior Living, Genband, General Mills (ex Yoplait), GlatFelter, Glimcher Realty Trust, Global Payments, Granite Construction Company, Groupon, Hallmark Health, Horizon Blue Cross Blue Shield of New Jersey, Houston International Insurance Group, Imperium Insurance Company (ex Delos Insurance Company), J.M.Huber Corporation, LaSalle Investment Management, McAfee, Inc., Murphy USA, Nalco, Neopost, Nordstrom, Northwestern Memorial HealthCare, OhioHealth, Oil States Intl., OneAmerica, Oxbow Carbon, Parsons Brinckerhoff, Partners Healthcare, Prime Therapeutics, Pulte Homes, Qualcomm, ServiceMaster, St.Jude Medical, Inc., Steelcase International, Superior Energy Services, Symantec Corporation, The New York Times, Time Warner Cable Inc., ZF TRW, United Rentals, WellPoint, WillBros, Wyndham Worldwide, Zachry, and others.
Kyriba Market Opportunities, M&A and Geo Expansions
In March 2019, Bridgepoint, an international private equity group focused on investing in market-leading businesses invested in Kyriba $160M to accelerate innovation and growth of Kyriba's enterprise platform. With the new capital, Kyriba will enhance product development, customer support and expand its ecosystem. It will specifically invest $60M into product innovation over the next two years.
In May 2018, Kyriba increased its investment in Latin American to help CFOs and treasurers modernize key capabilities for cash, risk, payments and working capital optimization. As part of the expansion, Kyriba has named Axel Canale as the new general manager for Latin America, overseeing market expansion for the region. The move into Latin America is part of an aggressive global growth strategy that saw Kyriba’s partner ecosystem contribute 40 percent in incremental bookings to Kyriba’s record first quarter bookings results in 2018.
Kyriba Risks and Challenges
Over the past few years, Kyriba has nearly doubled its installed base through direct sales and an expanded channel ecosystem. Ramping up customer support, keeping its Cloud systems up and running around the clock with increased infrastructure investment, as well as exerting tight account control in order to avoid revenue leakage will be key priorities for Kyriba as it continues to expand globally perhaps doubling its 1,000-plus installed base in the next year or two.
The latest round of $21 million in new financing is also likely to result in some strategic acquisitions in risk management, analytics and even midmarket enablement from a turnkey implementation standpoint. All these initiatives could usher in considerable changes to its operations, support infrastructure and customer engagement.
Kyriba Ecosystem, Partners, Resellers and SI
In 2018, Kyriba officially named San Diego as its new global headquarters, after its movement in New York in 2017, where it now has more than 120 of its 600+ total employees worldwide.
In December 2018, Kyriba expanded its global ecosystem by adding WorldFirst, the foreign exchange and international payments expert, as a new strategic partner to further empower financial executives. Kyriba’s partnership with WorldFirst will streamline payment processes, increase the speed and transparency of cross-border payments, and also reduce the transfer fees associated with international payments and FX transactions.
In March 2018, Kyriba partnered with BlackRock, Inc. that will leverage both firms’ technologies to simplify their clients’ cash management processes. The partnership means faster and smarter execution of cash investments for CFOs and corporate treasurers.
In 2019, Kyriba and J.P.Morgan partnered to offer real-time payment capabilities to the treasury cloud and finance provider’s clients. For Kyriba, the new offering adds to its growing line of products that enable treasurers and other finance executives “to more efficiently mobilize their global cash and liquidity.
Kyriba Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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