Kyriba Corporation Completes Oversubscribed Funding Round of $14.4 Million Led by Strategic...

Strategic Investment by BRED Banque Populaire to Position On-Demand Treasury Management Solution Provider for Rapid Growth

SAN DIEGO & PARIS -- Kyriba Corporation, pioneering web-based cash and treasury management solutions, today announced that it received new funding led by BRED

Kyriba is the only international provider of pure Software as a Service (SaaS) solutions for global cash and liquidity management supporting more than 100 corporate clients, 5000 users, and 15 million transactions processed annually.

Kyriba doubled its annual revenues and added a record number of customers in 2006, and is poised to rapidly grow its global customer base and product offerings with the assistance of the new financing. "Kyriba has a compelling treasury management solution that successfully competes with the functionalities being provided by banks or other technology providers," said Yves Jacquot, (Directeur General Ajoint) of BRED Banque Populaire. "The Kyriba solution is uniquely positioned to meet the needs of both middle and large-market companies with a robust set of cash and liquidity management tools."

"We are excited to add BRED Banque Populaire as a strategic investor and have their contribution of their industry knowledge on our Board of Directors," said Jean-Luc Robert, Chief Executive Officer of Kyriba Corporation. "BRED offers innovative web-based technology solutions to its corporate banking customers."

Kyriba will utilize the additional funding to accelerate growth in North America and Europe, to expand sales and marketing activities and extend international hosting operations.

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 & Co., Kronos, Colas S.A., Ferrero, and Peugeot. As the 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 needs while meeting Sarbanes-Oxley 404 audit trail workflow and control requirements. The company has North American headquarters in San Diego, California and European headquarters in Paris, France. For more information, please visit www.kyriba.com.

About BRED Banque Populaire

BRED Banque Populaire is the largest regional bank within Banque Populaire Group, one of the leading banking networks in France.

BRED Banque Populaire is a cooperative bank, with a total shareholder equity of 1840 million Euros with a "Aa3/P1" rating by Moody's and "A1+" short term rating by S&P.

Based on a jurisdiction including the Paris area, Normandy region and French overseas territories, BRED Banque Populaire has developed a strong know-how to service demanding large corporate and economic institutions.

As such, BRED Banque Populaire is known for its strong innovation ability, and for creating high value services, especially for cash flow management and dedicated e-business services.

Key figures in 2006: over 3500 employees, 737000 customers serviced through 330 branches, net banking income - 777 million Euros, net profit - 215.8 million Euros.

About GRP Partners

GRP Partners is a venture capital and growth equity firm focused on financing and helping to build retail and consumer services companies, providers of retail technology solutions, financial services providers and related technology companies, and business services providers. GRP Partners finances outstanding early-stage and late-stage companies that have developed solutions meeting pressing consumer and business needs. Over the course of nearly 20 years, the GRP Partners team has been involved with many companies that have become household names today, such as Costco, Starbucks, PETsMART, Office Depot, Ticketmaster, P.F. Chang's, (Overture Services (acquired by Yahoo!), Dick's Sporting Goods, Zany Brainy, lastminute.com) and many others. With offices in Los Angeles and London, GRP Partners manages approximately $650 million on behalf of more than 150 limited partners in North America and Europe. To learn more about GRP Partners, visit www.grpvc.com.