The New York Times Company, Ingram Industries and J.M. Huber select Kyriba for their Treasury Management Solution

Business Wire, Dec 9, 2008

SAN DIEGO -- Kyriba Corporation, the leader of web-based cash and treasury management solutions, announced today that The New York Times Company, Ingram Industries and J.M. Huber have selected Kyriba's real-time, on-demand cash and treasury management solution for their global treasury management needs.

The New York Times Company is a leading media company which includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other daily newspapers, WQXR-FM and more than 50 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting, and distributing high-quality news, information, and entertainment.

Ingram Industries Inc., based in Nashville, Tennessee, is one of America's largest privately held companies. It consists of diversified businesses in distribution, marine transportation, aggregate supply, print on demand book manufacturing and digital fulfillment services. Ingram Industries Inc. includes Ingram Marine Group and the Ingram Content Companies - Ingram Book Group, Lightning Source Inc., and Ingram Digital.

J.M. Huber Corporation is a diversified, multinational supplier of engineered materials, natural resources, and technology-based services to customers spanning many industries, from paper and energy to plastics and construction.

"Kyriba continues to attract a wide variety of clients and we are proud to add these companies to our User Group," stated Kevin Peak, U.S. Sales Manager for Kyriba Corporation. "Customers are choosing the Kyriba solution because it provides visibility, reliability, and control no matter what is happening on Wall Street or Main Street."

About Kyriba Corporation

Kyriba is a global provider of treasury solutions delivered under the Software-as-a-Service (SaaS) model. Customers utilize the online system to automate and better control their daily cash management tasks, including centralization of consolidated bank balance and transaction reporting, payments, cash positioning/forecasting, automated general ledger posting and investment, debt and FX portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba's daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements while providing seamless integration with third-party applications. Founded in 2000 and headquartered in San Diego, Kyriba has offices in New York, Paris, Milan, Hong Kong, and Rio de Janeiro serving a global client base of more than 7,000 subscribers across hundreds of corporations, insurance companies, and financial institutions.

For more information, visit www.kyriba.com