SOURCE: Kyriba

January 15, 2008 04:00 ET

Constellation Brands and Enbridge Select Kyriba for Their Treasury Management Solution

SAN DIEGO, CA--(Marketwire - January 15, 2008) - Kyriba Corporation, the leader of web-based cash and treasury management solutions, is delighted to announce that two new clients, Constellation Brands and Enbridge, Inc., have selected Kyriba's real-time, on-demand cash and treasury management solution for their global treasury management needs.

Constellation Brands, Inc. (NYSE: STZ) (ASX: CBR), headquartered in Fairport, New York, is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, imported beer into the United States and spirits categories. Constellation is the largest wine company in the world; the largest multi-category supplier of beverage alcohol in the United States; a leading producer and marketer of wine from Australia, New Zealand and Canada; and both a major producer and independent drinks wholesaler in the United Kingdom.

Enbridge, Inc. is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the United States, the world's longest crude oil and liquids pipeline system. The Company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 5,000 people, primarily in Canada, the United States and South America. Enbridge's common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the United States under the symbol ENB. Information about Enbridge is available on the Company's website at

"We couldn't be more pleased than to welcome these new customers to the Kyriba user community," stated Jean-Luc Robert, CEO for Kyriba Corporation. "Kyriba's web-based platform is suited to a broad range of companies, across all industries and sizes, whether they are domestic or global, centralized or decentralized. These new clients really illustrate that point."

About Kyriba Corporation

Kyriba is a leading provider of Treasury solutions delivered under the Software as a Service (SaaS) model. Customers use the automated online system to better control their daily cash management tasks including bank balances, transaction reporting, payments, cash positioning / forecasting, automated general ledger posting and investment portfolio reporting. The system automatically collects bank statements and facilitates automated cash, bank, and ledger reconciliations through Kyriba's daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements and provides seamless integration with third-party applications. Founded in 2000 and based in San Diego, New York, Paris and Rio de Janeiro, Kyriba serves a global client base of more than 120 corporate treasuries, insurance companies and financial institutions.

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