Kyriba Strengths, Domain Expertise, and Key Differentiators
Kyriba’s pioneering Active Liquidity Network connects internal applications for treasury, risk, payments and working capital, with vital external sources such as banks, ERPs, trading platforms, and market data providers. Based on a secure, highly scalable SaaS platform that leverages artificial and business intelligence, Kyriba enables thousands of companies worldwide to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce costs through advanced automation.
Kyriba Recent Developments
In June 2021, Societe Generale has announced a strategic partnership with cloud-based IT solutions provider Kyriba, to roll out a new treasury management solution. According to the announcement, the new service will offer fraud management functionality and payment automation for the bank’s corporate clients.
In February 2020, Kyriba launched Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud. The new payments network provides corporations with real-time fraud detection and access to machine learning-driven payments anomalies detection, as well as the ability to dramatically accelerate corporate ERP cloud migration projects, streamline global bank connectivity and format transformation projects.
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's 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: 910
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Kyriba Key Enterprise and Cloud Applications
Kyriba Revenues, $M:
|Type/Year||2019||2020||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||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Kyriba Enterprise Applications Revenues By Functional Markets, $M:
Kyriba Enterprise Applications Revenues By Verticals, $M:
Kyriba Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
Kyriba Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
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. In 2019, Kyriba signed contracts with world’s largest developer of polyurethane, Wanhua Chemical Co., and Didi Chuxing Technology Co., China’s largest cab hailing service.
Kyriba has doubled the number of clients in the Asia Pacific region in 2019. Some of the new customer wins in the reagion are: Isuzu Motors, DiDi and HAND in China, Uno Minda and Tech Mahindra in India, InstaReM in Singapore, Eisai and Suntory Beverage & Food in Japan, and others.
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 product.
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 2,000-plus installed base in the next year or two.
Kyriba Ecosystem, Partners, Resellers and SI
In June 2021, Kyriba, announced a partnership with Digiata, a software company in Johannesburg and Cape Town, specializing in financial services industry, to expand Kyriba’s operations in the South African and sub-Saharan countries.
In August 2021, Accounting automation software company BlackLine, Inc. (NASDAQ: BL) and Kyriba, announced that they are joining forces to streamline the digitalization of the Office of the CFO and improve collaboration between Finance and Treasury departments.
In June 2020, Kyriba partnered with Midis Group to expand it's footprint in Middle East, Central Europe, and Africa. Midis Group’s local knowledge of government, tax, language and financial requirements benefits clients in the region.
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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