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30 January 2009

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Kyriba Corporation, the leader of web-based cash and treasury management solutions, today announced it doubled its revenue for 2008 with the addition of 90 new clients and ended the year with over 200 clients globally.

To compliment the growing demand for its solutions, Kyriba opened two new offices in 2008; one in New York City’s Financial District and the other in Hong Kong, expanding the product’s reach into the Asia-Pacific region. To support the growing client base, Kyriba added 20 additional staff throughout the year.

“2008 was another strong year for Kyriba and we continue to make significant investments in our team and our product to keep pace with market demands and our customers’ needs," stated Jean-Luc Robert, CEO of Kyriba. “Visibility, cash control, and liquidity management are paramount in today’s global economy. Kyriba is strongly positioned with an ASP deployment model and core focus on cash management, which explains our continued success in a difficult economic environment.”

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