BlackLine Systems Driving European Growth from New London Office

       BlackLine Systems Driving European Growth from New London Office

  PR Newswire

  LONDON, Dec. 5, 2012

- Financial close software leader continues aggressive expansion in European
Market with Eurostar win

LONDON, Dec. 5, 2012 /PRNewswire/ -- BlackLine Systems , the first company to
develop and offer a commercially available Balance Sheet Account
Reconciliation solution, is expanding its operations in London to help
underpin the growing demand across EMEA for the company's highly regarded and
cost-efficient SaaS account reconciliation and financial close solution.

(Logo: http://photos.prnewswire.com/prnh/20061117/LAF027LOGO )

BlackLine's enterprise-class SaaS offering provides visibility, cost savings
and control unmatched in the financial close industry. Demonstrated by the
company's nearly 1,000 percent revenue growth over the last four years,
BlackLine offers industry-leading efficiency with most clients up and running
in just a few weeks, with full implementation on all modules in a few months.
BlackLine's proven ROI for customers also sets it apart from other
reconciliation offerings with ROI typically achieved in the first six months
or sooner.

Andrew Zimmermann, Financial Controller Alternatives Companies, Schroder
Investment Management Limited, commented: "We selected BlackLine to help us
automate account reconciliations, enabling us to manage our accounts
accurately and cost effectively while maintaining high service quality and
controlling operational risk. We look forward to continuing to work with
BlackLine as they add resources in EMEA."

Eurostar International is one of the latest clients to be added to BlackLine's
books and follows in a long list of household name companies already on board
including AT&T, Concur, Kimberly-Clark, Lafarge SA, Salesforce.com, Schroders,
Tenneco Gmbh and Zurich Insurance.

Mario Spanicciati, BlackLine Executive Vice President of Operations, said:
"It's truly an exciting time in EMEA for BlackLine. The market in Europe is a
key growth area for us – and with thousands of organizations in the region for
us to go after, everyone is really motivated by the possibilities. Coupled
with our new offices in London and clients such as Eurostar joining BlackLine
recently, the demand for our enterprise-class SaaS solution could not be
higher at this time."

2012 has been a year of considerable growth and expansion for BlackLine in
Europe and across the world with offices recently opening in Atlanta, Chicago
and New York (in addition to London), complementing the company's existing
operations in Sydney and headquarters in Los Angeles.

The world's leading accounting advisory and professional services firms,
including Deloitte, Ernst & Young, KPMG LLP (U.S.), PwC, Resources Global
Professionals and UHY Advisors, also continue to add 'BlackLine Certified
Implementation Professionals,' strengthening their global capability in
implementing the BlackLine Financial Close Software Suite .

BlackLine is an SAP software solution and technology partner in the SAP
PartnerEdge® program and a participant in the SAP EcoHub solution marketplace
– SAP's premier online destination designed to provide SAP customers with
information on relevant complementary technology solutions that are certified
by SAP (such as the BlackLine 5.1 solution).

About BlackLine Systems BlackLine Systems was the first to develop and offer a
commercially available Balance Sheet Account Reconciliation solution. An
experienced provider of software to companies from the Fortune 100 to beyond
the Fortune 1,000, BlackLine provides quick-to-implement, scalable and
easy-to-use applications that automate the entire financial close process to
help improve financial controls for companies of all sizes. BlackLine software
applications complement existing Enterprise Performance Management (EPM),
Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP)
systems.

BlackLine offers clients its enterprise-class software in a simple and secure
OnDemand/SaaS platform. With a proven track record and a commitment to
customer success, BlackLine seeks to reduce the burden the financial close
places on accounting and finance professionals.

BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago,
London, New York City and Sydney to serve the company's growing global client
base. For more information, please visit www.blackline.com .

Website: http://www.blackline.com
 
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