NEW YORK, Oct. 28, 2016 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq:BL), a leading provider of financial controls and automation software that enable Continuous Accounting, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/ea356204-3f81-4d06-a714-602eedad6bcc
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BlackLine modernizes the way Finance & Accounting (F&A) works today. BlackLine offers a Software-as-a-Service (SaaS) solution that replaces manual, labor-intensive processes in F&A with an easy-to-implement, easy-to-use and easy-to-maintain application. The company’s secure, scalable platform supports critical accounting processes such as the financial close, account reconciliation, intercompany accounting and controls assurance. BlackLine empowers midsize and large companies to improve the integrity of their financial reporting, achieve efficiencies and enhance real-time visibility into their F&A operations.
“We feel a strong kinship with Nasdaq, which is the home of so many amazing, innovative and growing companies. Innovation is the foundation upon which we have built a great global company that is transforming Finance & Accounting,” said Therese Tucker, Founder and Chief Executive Officer, BlackLine. “Today marks an incredible milestone, but we’re not done yet – we believe the opportunity is tremendous with more than 165,000 companies still out there that can benefit from adopting Continuous Accounting and cloud technology to transform their F&A operations into true modern finance organizations.”
“BlackLine delivers a fresh approach to Finance & Accounting by introducing sophisticated technology solutions that streamline the entire financial close process,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “Innovation is at the heart of Nasdaq’s brand and we are proud to be the listing partner of the BlackLine team as they continue to drive transformative changes, enabling organizations to address business and regulatory challenges more efficiently.”
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About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and more than 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com
Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com
Emily Pan
(646) 441-5120
emily.pan@nasdaq.com
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