SunBridge Partners Exits Kyriba Japan

BEACHWOOD, Ohio–(BUSINESS WIRE)–SunBridge
Partners
 (“SBP”), a venture capital firm targeting investments in
global leaders in enterprise software in the US and Japan, is pleased to
announce the sale of its holdings in Kyriba Japan Co., Ltd. (“Kyriba
Japan”), the Japan Joint Venture between Kyriba Corporation (“Kyriba”)
and SunBridge, as part of Bridgepoint’s
recent investment in Kyriba
.

SunBridge Partners teamed with Kyriba in 2012 to help establish its
Japan operations via SBP’s proven Japan-entry Joint Venture (“JV”)
model. Previous SunBridge Japan entry JVs also include Concur Japan,
Marketo Japan and Demandware Japan. SBP was also fortunate to have Marc
Benioff, Steve Singh, Mizuho Capital, and Mitsubishi UFJ Capital as
strategic partners and co-investors in the JV.

SunBridge worked side-by-side with Kyriba to launch operations in Japan,
identify potential customers, and assist the company through several
generations of growth in Kyriba Japan, including the hiring of President
Shintaro Komatsu, and partnered with the team to help maximize the
growth and success of the Japan business.

“SunBridge Partners has been an invaluable partner in Japan; accessing
their broad network of contacts and customers, an extensive
understanding of the Japan market, and the ability to know what local
customers demand from their software suppliers have all been critical to
our success in Japan to date,” said Jean-Luc Robert, Kyriba CEO. “SBP’s
support, proactive assistance and valuable insights were key to the
success of our engagement together.”

“Kyriba is the global leader in cloud treasury and finance solutions,
and is poised for incredible growth in the next phase of their journey
with Bridgepoint,” said SBP Partner Ken Ehrhart, who led SBP’s
relationship with Kyriba Japan. “It has been an honor to have the chance
to work with pioneers like Jean-Luc and Komatsu-san and help to
contribute in extending their market leadership.”

About Kyriba
Kyriba empowers financial leaders and their
teams with award-winning solutions for cash and risk management,
payments and working capital optimization. Kyriba delivers a highly
secure, 100 percent SaaS enterprise platform, superior bank connectivity
and a seamlessly integrated solution set for tackling today’s most
complex financial challenges. Thousands of companies, including many of
the world’s largest organizations, rely on Kyriba to streamline key
processes, protect against loss from fraud and financial risk, and
accelerate growth opportunities through improved decision support.
Kyriba is headquartered in San Diego, with offices in New York, Paris,
London, Tokyo, Dubai and other major locations. For more information,
visit www.kyriba.com.

About SunBridge Partners
SunBridge Partners is a venture
capital firm focused on helping global leaders in enterprise software
and Software-as-a-Service (SaaS) to enter and become growth success
stories in the Japanese market. SunBridge successfully co-founded Concur
Japan, Marketo Japan, Demandware Japan and Kyriba Japan, and invested
over $100m in more than 65 portfolio companies, creating over $1.1B in
Japan JV valuation and partnered with JV parent companies worth over
$144B in total. SunBridge offices are located in Tokyo, Silicon Valley,
Ohio and North Carolina. More information is available at www.sunbridgepartners.com.

Contacts

Paul Grim, General Partner
SunBridge Partners, Inc.
(704)
443-8369

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