Kyriba Middle East launches joint venture

Cloud-based proactive treasury management firm Kyriba has opened its Middle East Headquarters in Dubai, United Arab Emirates, anticipating that businesses and organizations throughout the Middle East will benefit from Kyriba MIddle East FZ-LLC and Surety Computer Systems LLC's joint venture.

“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,” Kyriba CEO and Chairman Jean-Luc Robert said. “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 SaaS-based treasury management to treasurers and (chief financial officers) 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.”

Kyriba has been lauded by industry analysts as one of the world's fastest-growing treasury management software vendors. Currently, Kyriba serves more than 1,000 clients across 10 countries around the world.

“Dubai and the U.A.E. 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,” Roger Baroutjian, managing director of Kyriba Middle East FZ-LLC and executive managing director of Kyriba’s joint venture partner Surety Computer Systems, said. “We see this as an excellent opportunity for Kyriba to satisfy large organisations treasury teams’ need to improve their processes as well as provide more strategic insight into companywide financial decisions. As the leading cloud player in the space, Kyriba has a proven global track record and is clearly the best partner for us in this venture.”

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