BlackLine Systems, Rackspace To ‘Demystify the Myths of SaaS’ through 3-Part Webinar Series

Calabasas, Calif. – July 15, 2010 – Financial software provider BlackLine Systems and global Internet hosting leader Rackspace (NYSE: RAX) will be conducting a series of three webinars designed to clarify what SaaS (Software-as-a-Service) is and remove the obscurity and fear surrounding the term; show how businesses can benefit from hosting critical applications with a reputable provider; and, demonstrate how finance organizations, in particular, can optimize their account reconciliation and financial close processes by implementing a SaaS solution.

The first session entitled “SaaS is not the Enemy” is scheduled for Thursday, July 22, 2010, at 2 p.m. ET and will be led by Jeff Adler, CPA, VP, product expert at BlackLine, and Andy Schroepfer, Rackspace’s VP of strategy.  This initial webinar will focus on alleviating concerns surrounding hosting sensitive company data off-site.  Attendees will leave the discussion with an understanding of:

• SaaS Basics – the evolution of SaaS and a general overview of what it means to move to a hosted provider
• The Truth about SaaS – what is happening in the background to ensure that your data is protected (data security, confidentiality, system reliability, back-up precautions, etc.)
• Key Questions To Ask Upfront – what you should ask before selecting a SaaS provider
• Baby Steps:  Getting Started on SaaS – how you can get up and running quickly and easily

To register, go to https://www2.gotomeeting.com/register/902314690.

The second webinar in the series will be held on Thursday, Aug. 26, 2010, with the third to follow on Wednesday, September 15th.  For more information, contact Howard Goldstein at howard.goldstein@blackline.com.

About BlackLine

Founded in 2001, 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 and are an integral component of existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.

BlackLine offers clients its enterprise-class software in an easy to implement OnDemand/SaaS platform.  With a proven track record and a commitment to customer success, BlackLine seeks to reduce the effort the financial close places on accounting and finance professionals.  For more information, please visit www.blackline.com.

Media Contact:
Kimberly Uberti
Director of Corporate Communications
BlackLine Systems
310-721-6850
kimberly.uberti@blackline.com

Customer Contact:
Howard Goldstein
Director of Marketing
BlackLine Systems
818-223-9008
howard.goldstein@blackline.com