Kyriba to Receive $160M Investment from Bridgepoint

kyribaKyriba, a San Diego, CA-based provider of cloud treasury and finance solutions, is in advanced talks with Bridgepoint, an international private equity group focused on investing in market-leading businesses, to receive a $160M investment.

The company intends to use the proceeds to enhance product development, customer support and expand its ecosystem. It will specifically invest $60M into product innovation over the next two years.
The deal, once closed, would give Bridgepoint a majority stake in the business, and value Kyriba at $1.2 billion. Daher Capital, Iris Capital and Kyriba Chairman and CEO Jean-Luc Robert will remain as investors in the company.

Kyriba provides a cloud platform that connects siloed financial systems – banks, ERPs, and other systems – to enable global organizations to improve key capabilities for cash and risk management, payments and working capital optimization. Through its open ecosystem, the company enables strategic partners to access its platform and create value-added services that no other vendor can offer.
The company had a record growth year in 2018, including surpassing $110M in revenue and netting 229 new clients. In January, Kyriba announced its plans to acquire FiREapps, a leader in enterprise currency management, which will create an end-to-end solution for managing FX risk.

Kyriba has offices in New York, Paris, London, Tokyo, Dubai and other major locations.



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