BlackLine Appoints Chief Legal Officer
Company continues expansion of executive team and global operations to address surging demand for greater control and automation of key Finance processes
LOS ANGELES – Sept. 21, 2015 – BlackLine, provider of the industry’s leading cloud platform for finance controls and automation, today announced the appointment of Karole Morgan-Prager as the company’s chief legal officer. In this role, Morgan-Prager will oversee BlackLine’s legal functions on a global basis.
Morgan-Prager brings more than 25 years of legal experience to BlackLine, with special expertise in corporate finance and securities matters, investor relations, internal audit, corporate development and public company governance, disclosure and compliance issues.
“We are quickly expanding operations and adding customers at a record pace in regions all over the world,” said Therese Tucker, BlackLine CEO and founder. “Karole will be a tremendous asset as our business continues to grow and becomes more complex and global. Her deep corporate experience and leadership abilities will ensure we stay on track.”
Prior to joining BlackLine, Morgan-Prager was vice president of corporate development, general counsel and corporate secretary at The McClatchy Company, advising management at the leading news and information provider on general business, employment, investor relations, debt financing and public company disclosure, compliance and securities matters.
Morgan-Prager received her law degree from the UCLA School of Law in 1987 and subsequently joined national law firm Morrison & Foerster working on corporate securities matters like initial public offerings and mergers and acquisitions. She left the firm to become associate general counsel at The Times Mirror Company. Over her career, she has sat on the boards of several companies, including The Seattle Times Company, CareerBuilder, Classified Ventures and HomeFinder.
“BlackLine’s extensive and growing list of brand name customers speaks volumes about the value BlackLine is bringing to enterprises around the world,” said Morgan-Prager. “I’m very excited to join the extremely talented and dedicated BlackLine team and look forward to helping to bring this dynamic and growing company to the next level.”
BlackLine has made the Software 500 list of the world’s “largest and best-performing” software companies for the past four years, the Deloitte Technology Fast 500™ for the past five years and the prestigious Inc. 500/5000 for the past eight years in a row, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia. In 2013, BlackLine partnered with Silver Lake Sumeru, the mid-market arm of leading technology-focused global private equity firm Silver Lake, and Iconiq Capital to drive growth.
BlackLine is a leading provider of Enhanced Finance Controls and Automation (EFCA) software and the only one that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform is designed to help midsize companies and large enterprises strengthen controls, lower compliance risks and gain greater efficiencies and visibility. Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
More than 110,000 users across 1,100 global companies in over 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to ‘Modern Finance’ status, with customers comprising more than 25 of the Fortune 100 and over 100 of the Fortune 500.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution, joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris, Sydney and Vancouver. For more information, please visit www.blackline.com.