Long-time HP Executive Joins Kyriba Corporation Board of Directors

Business Wire, Jan 9, 2007

Steve Pavlovich Brings More Than 30 Years of Experience in Enterprise Treasury Management

SAN DIEGO -- Kyriba Corporation (www.kyriba.com), pioneering web-based cash and treasury management solutions since 2000, today announced that former Hewlett-Packard executive Steve Pavlovich has joined the Kyriba Board of Directors.

Pavlovich, who retired from HP as Vice President of Investor Relations in 2004 following a 30-year career at the technology giant, brings impressive experience in enterprise treasury management to Kyriba's Board. During his career at HP, Pavlovich held multiple senior-level corporate treasury and investor relations roles, including Assistant Treasurer for HP and Head of Investor Relations. Over the years his responsibilities included cash management, foreign exchange exposure management, corporate finance and worldwide investor relations. In addition, Pavlovich was one of the founding directors of HP Finance Company and served as its Treasurer.

"Steve's long-standing career at HP is a testament to his broad industry leadership experience and ability to adapt organizations to meet evolving operational and market demands," said Jean-Luc Robert, Kyriba's CEO. "Steve's addition to Kyriba's Board signifies Kyriba's continued commitment to being the industry leader and preferred solutions provider for enterprise treasury and financial needs."

"I'm thrilled to be joining an innovative company like Kyriba at a time when market adoption of ASP technology is accelerating tremendously," said Steve Pavlovich. "This is evident, not just in treasury, but in the broader technology markets as well, as senior professionals recognize and embrace the benefits of utilizing software as a service."

Pavlovich added: "I'm optimistic about the future growth of the treasury technology market through the ASP deployment model; Kyriba is very well-positioned to meet the evolving functional and technical needs of North America and the global market at large. Corporate treasurers face significant challenges and I look forward to working closely with Kyriba's management team to help them address these challenges successfully."

About Kyriba Corporation

Founded in 2000, Kyriba Corporation empowers customers to achieve an economic advantage with treasury solutions that enhance visibility and operational control. Corporate clients include Interpublic Group of Companies, Swift & Company, Kronos, Colas S.A., Ferrero and Peugeot. As a market leader in real-time, web-based on-demand Cash Management solutions, Kyriba's affordable tools and services put customers in control of their liquidity, forecasting and treasury management while meeting Sarbanes-Oxley 404 audit trail workflow and control requirements. The company has North American headquarters in San Diego, CA and European headquarters in Paris, France.