Nasdaq Welcomes BlackLine, Inc. (Nasdaq: BL) to The Nasdaq Stock Market
October 28 2016 - 3:02PM
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
http://www.globenewswire.com/NewsRoom/AttachmentNg/56e03814-c969-4185-b7f6-aa8f3fe8bb14
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.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq.
Neither Nasdaq nor any of its affiliates makes any recommendation
to buy or sell any security or any representation about the
financial condition of any company. Statements regarding
Nasdaq-listed companies are not guarantees of future performance.
Actual results may differ materially from those expressed or
implied. Past performance is not indicative of future results.
Investors should undertake their own due diligence and carefully
evaluate companies before investing. ADVICE FROM A SECURITIES
PROFESSIONAL IS STRONGLY ADVISED.
About NasdaqNasdaq (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) 441-5073Stephanie.Lowenthal@nasdaq.com
Emily Pan(646) 441-5120emily.pan@nasdaq.com
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