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.

MEDIA CONTACT:

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