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Kyriba Clears $7 Million In New Funding

Wednesday, May 28, 2008 5:44:00 AM PDT | VentureDeal Staff

San Diego, California -- Internet company Kyriba Corporation announced that it has raised $7 million in new venture capital funding from new and existing investors.

Kyriba has developed Internet-based automated and centralized cash management technologies delivered via an on-demand system.  One of the benefits is that the system requires no installation, maintenance or upfront capital expenditure to utilize the platform.

BRED Banque Populaire, Coface and GRP Retail Partners invested in the round.  The company said it would use the additional funding to accelerate growth and customer acquisition efforts in Europe, North America and the Asia-Pacific region.

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