OUR HISTORY

More than Three Decades of Best-in-Class FX Risk Management

THE INDUSTRY’S MOST ROBUST SOLUTION FOR MANAGING THE ENTIRE LIFECYCLE OF FX RISK

 
FiREapps, a Kyriba company, has long been the leader in FX risk management. Together with Kyriba, FiREapps empowers CFOs and treasury teams to manage currency risk from pre- through post-trade processes via a single cloud platform.

The evolution of FiREapps can be traced back to 1987 when FiREapps’ founders – Wolfgang Koester and Corey Edens – first collaborated in Switzerland, drawing on their expertise in FX risk management, data analytics and software to help corporations fully leverage data to better manage FX risk. In 2000, Koester and Edens took the next logical step, establishing Risk Management Techniques (Rim Tec) in Scottsdale, AZ, to help their growing roster of international corporate clients save millions of dollars in FX-related costs and financial impacts.

Rim Tec then launched FiREapps in 2015 – the first data-based, SaaS FX risk-management resource — to provide board members, C-level execs and treasury professionals with full, real-time visibility into an enterprise’s currency exposure and risk. Initially, a single solution, FiREapps evolved into a suite of solutions that treasury executives could rely on to fully manage currency risk.

In 2019, Kyriba announced its acquisition of FiREapps, a purchase that brings to market a comprehensive solution for CFOs and treasury teams, allowing them to manage the entire lifecycle of FX risk. Together, Kyriba and FiREapps provide a more efficient way to manage and mitigate FX exposures and risk, and to quickly and easily identify and understand potential impacts on financial statements.

2006

Rim Tec, Inc. introduces FiREapps, the industry’s first SaaS-based foreign exchange solution

2007

FiREapps CEO Wolfgang Koester named one of the “100 Most Influential People in Finance” by Treasury & Risk

 

2009

GOOGLE treasury team earns Treasury & Risk’s Alexander Hamilton Best Practice award after adopting FiREapps FX technology

 

2010

GOOGLE treasury team wins two Treasury Today’s Adam Smith awards in recognition of efficiency improvements introduced by using FiREapps technology

2011

FiREapps earns Financial-i’s Leaders in Innovation award for FX Exposure Management

2012

FLIR SYSTEMS, INC. earns Treasury & Risk’s Alexander Hamilton Financial Risk Management award after adopting FiREapps technology

 

FiREapps client GOOGLE wins Treasury & Risk’s Alexander Hamilton Gold award and its Overall Excellence Award – both in recognition of treasury enhancements facilitated by FiREapps

 

FiREapps recognized by Arizona Technology Council as the Innovator of the Year

 

2013

GTNews recognizes FiREapps as a finalist for Global Corporate Treasury and Finance Treasury Technology award

 

FiREapps partners with DEUTSCHE BANK to help corporations develop a clearer picture of its global FX exposures to better manage currency risk

 

FiREapps CEO Wolfgang Koester included in Global Finance’s “Who’s Who in Foreign Exchange”

2014

FiREapps client WYNDHAM wins Treasury Today’s Adam Smith award for Best Foreign Exchange Solution

 

FiREapps user PFIZER earns Treasury Today’s Adam Smith award for Top Treasury Team

 

DOW CORNING, a FiREapps client, earns Treasury Today’s Alexander Hamilton’s Gold award for Financial Risk Management

 

FiREapps earns SAP certification

 

2015

Long-time FiREapps client GOOGLE wins Treasury Today’s Adam Smith award for Best Foreign Exchange Solution

 

FiREapps client ERICSSON earns Treasury Today’s Adam Smith for Best Foreign Exchange Solution award

 

DOW CORNING wins both an Adam Smith Risk Management award and a TMI Treasury award in recognition for treasury enhancements facilitated by FiREapps

 

FiREapps certified as both a SAP Partner and an Oracle Gold Partner

2016

FiREapps user ERICSSON earns a second Treasury Today Adam Smith award for Best Foreign Exchange Solution

2017

Long-time FiREapps user ERICSSON wins Treasury Management International (TMI) award and Treasury & Risk’s Alexander Hamilton’s Silver award

 

FiREapps for Cash Flow launched and wins an Innovator 2017 award from Global Finance as a “breakthrough” FX product

2018

FiREapps user FLEX is named a Highly Commended Winner in the Best Foreign Exchange Solution category for the Treasury Today Adam Smith Awards

 

FiREapps client NEWELL BRANDS INC. earns Treasury & Risk’s Alexander Hamilton’s Silver Award for Technology Excellence

 

2019

KYRIBA acquires FiREapps, creating the most comprehensive, end-to-end solution for safeguarding against the entire continuum of financial and operational risk.