Kyriba’s finance team has just closed the books on the third quarter of 2014. So, I wanted to update you on our progress over the past quarter.
From a business growth perspective, Q3 was our best ever and has led to a year-to-date bookings growth of 45 percent. We signed more than 40 new clients, bringing our total for the year up to 130. All markets saw great growth, and we are confident that this will continue for the fourth quarter.
Our strong growth trajectory and 100 percent SaaS model continue to be recognized by thought leaders throughout the industry. Just a few days ago, IDC, one of the best-known and most-respected industry analyst firms recently issued a report, Worldwide Treasury and Risk Management Applications 2014–2018 Forecast and 2013 Vendor Shares, which calls Kyriba out as the fastest-growing treasury management software vendor. The report also highlights Kyriba’s focus on innovation and client success, noting that its 98 percent client loyalty rate is “excellent and speaks well for Kyriba's focus on customers and their concerns including security, service, and scalability.”
We also saw great progress in the product development. We released the third update of 2014 to our SaaS treasury management platform, Kyriba Enterprise. The newest release contains a new, more user-friendly interactive interface, as well as a range of enhancements to enable clients to run strategic, proactive global treasury departments.
Should you have any questions, please don’t hesitate to reach out to me directly. I look forward to updating you early in the New Year. Until then, I wish you a safe and successful end to 2014.