September 27, 2017 (Foster City, California) – Sumeru Equity Partners (SEP) announced today that it led a $45 million investment into Kyriba, the #1 provider of cloud treasury and financial management solutions.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100% SaaS platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. More than 1,600 companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations.
“SEP’s expertise in fast-growth SaaS solution providers, and their impressive track record for investing in successful technology market leaders, makes them the perfect strategic partner for Kyriba,” said Jean-Luc Robert, Chairman and CEO of Kyriba. “We are seeing strong global demand for modernizing treasury and financial operations, and are thrilled to receive the support of SEP and our existing strategic partners to help accelerate our growth.”
“Kyriba is the clear market leader in cloud-based treasury and financial management. Their platform delivers competitive advantages that enable forward-thinking CFOs and senior financial leaders to exceed their business objectives on a global scale,” said Kyle Ryland, Managing Partner at SEP. “Our team is excited about supporting Kyriba’s growth trajectory in this dynamic market space.”
As a part of the investment, SEP Managing Partner Kyle Ryland will join the Kyriba Board of Directors.
SEP is a technology-focused private equity firm that invests in market leading, growth-oriented technology companies. Kyriba represents another SEP investment in a prominent SaaS vendor, and the partnership will help Kyriba increase its funding for product development, customer support, and sales and marketing. Kyriba marks SEP’s third enterprise software transaction in 2017, following its previously announced investments in Snow Software and MDSL.