FiREapps: Kyriba Acquires FiREapps

San Diego-based cloud treasury and finance software developer Kyriba announced this morning that it has completed its acquisition of FiREapps, a developer of enterprise currency management software. Financial details of the deal were not announced. According to Kyriba, the acquisition will give it a solution for managing global foreign exchange (FX) risk, and specifically will help finance chiefs mitigate the impact of currency fluctuations on earnings per share (EPS). The acquisition comes just two months after a majority private equity funding which raised $160M for Kyriba, and which values the company at $1.2 bhillion. That majority private equity funding came from Bridgepoint. Kyriba said the acquisition of FiREapps will allow it to deliver all aspects of treasury and risk decision making in a single solution.