Kyriba Delivers SaaS Cash Management Solutions With IBM Managed Hosting

IBM (NYSE: IBM) today announced that Kyriba Corporation has selected IBM as its managed hosting provider for North America. The IBM hosting solution will support Kyriba’s aggressive expansion efforts, while maintaining Kyriba’s world-class standards in delivering feature-rich online cash and treasury management solutions. With IBM, Kyriba will continue to offer its customers access to the latest in hosting technology regardless of the size or geographic location of their organization.
IBM will provide system monitoring, operational support for database administration, server administration, business continuity planning and services, data center and information security monitoring, and advisory services. By leveraging IBM’s infrastructure and an oversubscribed funding round of $14.4 million completed in early 2007, Kyriba furthers its strategy to accelerate growth in North America.

“Our customers are our number one priority, as is the security and availability of their mission-critical data,” stated Jean-Luc Robert, Chief Executive Officer of Kyriba Corporation. “As a hosting leader, IBM provides a comprehensive solution that is unmatched. We are committed to providing companies with the reliable tools they need to boost efficiency, streamline operations, increase controls and maximize shareholder value.”

Kyriba’s web-based solutions provide customers with a leading, feature-rich and user-friendly cash and treasury management system. Unlike costly installed software, the Kyriba suite is based on a subscription model with no upfront capital expenditure, no license fees, and/or maintenance fees.

“Financial professionals are looking to promote more effective working capital management as they implement best practices and regulatory compliance,” stated Mike Riegel, director of mid-market services, IBM Global Technology Services. “The combination of IBM’s world-class hosting services and Kyriba’s cash management solution will help companies automate and consolidate financial processes, allowing them real-time visibility into enterprise-wide financial operations from a stable and secure environment.”

IBM is a world leader in managed hosting, with extensive experience in managing large business applications and providing world-class security, performance, and technology. Kyriba’s solution will be hosted at IBM’s strategic data center in Columbus, Ohio.