BlackLine Hires Internet Veteran from Demand Media, NetZero/United Online as Chief Technology Officer

FINANCIAL CLOSE SOFTWARE LEADER ADDS JUSTIN NEWTON TO OVERSEE TECHNOLOGY DIRECTION FOR SAAS SOLUTION AS COMPANY CONTINUES TO GROW GLOBALLY

LOS ANGELES – Nov. 7, 2011 Financial software provider BlackLine Systems has expanded its management team, hiring former Demand Media (NYSE: DMD) and NetZero/United Online (Nasdaq: UNTD) executive Justin Newton as Chief Technology Officer (CTO).

As CTO at BlackLine, Newton will oversee four departments: Development, Product Management, Information Technology (IT) and Quality Assurance (QA). In his new position, Newton will be responsible for the technology direction of BlackLine’s flagship account reconciliation and financial close software solution.

“BlackLine’s technology needs, both internal and external, have grown exponentially along with our client base. It is extremely important that we manage our expansion carefully to ensure our clients have the best possible experience and get the most out of our software,” Therese Tucker, CEO, BlackLine Systems, said. “Justin has terrific skills from his experience at several dynamic, growing companies where he was instrumental in scaling their technology from the start-up phase all the way through their successful initial public offerings and beyond.”

Newton was formerly Executive Vice President, IT operations, at global online media company Demand Media. Prior to that, he served as senior vice president, Voice and Broadband, at United Online (holding company for Internet communications services leaders NetZero and Juno). Newton has participated in an advisory capacity for several Internet startups and associations including NetScaler, ISPC and ARIN.

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 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 easy to use 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. For more information, please visit www.blackline.com.

Media Contact:
Kimberly Uberti
Director of Corporate Communications
BlackLine Systems
310-721-6850
kimberly.ubert

MEDIA CONTACT:

Ashley Dyer
Sr. Public Relations Manager
P. 818.936.7166
E: ashley.dyer@blackline.com

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