Kyriba Launches Middle East Joint Venture
Treasury management software vendor Kyriba has opened its Middle East headquarters in the United Arab Emirates (UAE) city of Dubai.
Kyriba Middle East FZ-LLC, a joint venture with Surety Computer Systems LLC., will bring the company’s cloud-based treasury management platform to organisations across the Middle East.
“We have seen a lot of pent-up interest from companies across the Middle East who are looking to manage their cash and treasury in a more strategic, process-driven manner,” said Jean-Luc Robert, chairman and chief executive (CEO) of Kyriba.
“With the establishment of Kyriba’s Dubai location, we look forward to both providing a higher level of service to our existing clients, as well as bringing the benefits of software-as-a-service (SaaS)-based treasury management to treasurers and chief financial officers (CFOs) across the region.
“I am confident that we will replicate the success that we have seen in our other expansion markets across Europe and Asia.”
“Dubai and the UAE are the home to some of the world’s largest and most successful companies, but it is an underserved region when it comes to next generation treasury management,” said Roger Baroutjian, managing director of Kyriba Middle East FZ-LLC and executive managing director of Surety Computer Systems.
“We see this as an excellent opportunity for Kyriba to satisfy large organisations’ treasury teams’ need to improve their processes as well as providing more strategic insight into company-wide financial decisions.”