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.
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralising and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize enterprises. Designed to complement ERP and other financial systems, BlackLine’s cloud platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation.
BlackLine’s mission is to continuously improve the quality, accuracy and efficiency of Finance and Accounting by centralising key functions 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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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 modernise accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. To date more than 2,800 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 2019 Magic Quadrant for Cloud Financial Close Solutions.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney servicing its 14 global locations.For more information, please visit https://www.blackline.com/.