LOS ANGELES – April 29, 2014 –Enterprise-class financial software company BlackLine Systems has expanded its management team, hiring Chris Murphy, former senior vice president of Financial Solutions at SaaS (Software-as-a-Service) applications and ERP (Enterprise Resource Planning) leader Infor, as the company’s first Chief Revenue Officer (CRO). In this capacity, Mr. Murphy, a SaaS and ERP industry veteran, will be responsible for the company’s revenue strategy, with an initial emphasis on sales and sales operations and growing the company’s global partner network as BlackLine continues to expand in all regions of the world.
Mr. Murphy joins BlackLine following 10 years at Infor where he served as a cross-functional executive and played a key role in growing the company from $130 million to nearly $3 billion in sales. During this time, Mr. Murphy had direct responsibility for a global business unit representing over 20,000 customers with implementations in over 150 countries. In less than five years, Infor also became the third largest application software company in the world.
Mr. Murphy spent the previous 15 years in various sales, channel, business development, marketing and finance positions in other leading growth-oriented technology companies including Platinum Technology, Information Resources Inc. and Melita International.
“Chris’ deep SaaS, ERP and sales ops experience and extensive network of partners and other contacts, coupled with a solid understanding of the pain points and needs of the Finance function, will be instrumental going forward,” Therese Tucker, CEO and founder, BlackLine Systems, said. “Chris has terrific skills from his experience at several, growing technology companies where he was an important part of their long-term success.”
Under Ms. Tucker’s direction, BlackLine Systems revenues have increased more than 50 percent annually for the past seven years. The company has seen substantial revenue increases since moving to a SaaS business model in 2008. In 2013, BlackLine partnered with Silver Lake Sumeru, the mid-market arm of leading technology-focused global private equity firm Silver Lake, to do a recapitalization of the company and drive its next phase of growth. The CRO appointment is the first of several planned to round out the company’s management team in an effort to strengthen and complement existing resources as the company continues to grow globally.
“We are looking to Chris to help us integrate and align all of the revenue-generating areas of the company, with an ultimate goal of driving revenue growth even faster in the future,” added Ms. Tucker.
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/.