LOS ANGELES and LONDON, July 10, 2017 /PRNewswire/ -- Financial automation software provider BlackLine, Inc. (Nasdaq: BL) has been honored by The M&A Advisor for the company's 2016 acquisition of Runbook, with the transaction named the 'Europe Deal of the Year' at the 9th Annual International M&A Awards gala in New York City last month.
BlackLine's acquisition of Runbook, a Europe-based provider of financial close and automation solutions to the SAP® market, extends the company's Continuous Accounting platform, merging financial quality assurance with financial automation and accelerating BlackLine's innovative strategy for transforming Finance & Accounting. With the acquisition of Runbook, BlackLine's Smart Close for SAP enables a simplified, standardized and automated financial close for SAP customers giving users direct access to all data in SAP, including historical, and making all closing tasks easily accessible from within SAP, including AP controlling and costs modules, asset history sheets, aging and risk assessment reports and special ledgers.
"Aligning with Runbook makes BlackLine stronger on behalf of our respective customers," Therese Tucker, BlackLine CEO, said. "The company has brought a wealth of talent, technology and SAP integration and execution knowledge to BlackLine, broadening our Continuous Accounting platform by adding complementary technologies."
The 9th Annual International M&A Awards gala honored the leading deal teams, firms and professionals whose activities set the standard for international M&A transactions. An independent judging committee of 23 top M&A industry experts selected the award recipients. A detailed list of this year's winners can be found here.
"The 2017 International M&A Award winners represent the best of the international M&A industry in 2016 who earned these honors by standing out in a group of very impressive finalists," said David Fergusson, president and Co-CEO of The M&A Advisor.
Runbook now operates under the BlackLine brand.
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from within a single, unified cloud platform.
Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities, BlackLine helps companies modernize accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 1,800 companies with users in over 130 countries around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements.
BlackLine is recognized by Gartner as a Leader in its 2017 Magic Quadrant for Cloud Financial Corporate Performance Management (FCPM) and as a pioneer in the cloud market for enhanced financial control and automation of FCPM.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.
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