BlackLine Appoints New CFO to Take Company Through Next Phase of Growth
Leading finance controls and automation software provider continues executive team expansion with addition of seasoned finance and operations professional Mark Partin
LOS ANGELES – Feb. 24, 2015 – BlackLine, the leading provider of finance controls and automation software, continues its investment in new executive talent with the hiring of Mark Partin as Chief Financial Officer (CFO). Mr. Partin is a seasoned executive with extensive experience overseeing finance organizations for high-growth companies, most recently serving as CFO at Fiberlink Communications, which was sold to IBM.
As CFO at BlackLine, Mr. Partin will be responsible for ensuring that the finance organization can enable the company to continue to drive growth, capitalizing on the growing worldwide demand for software solutions that drive greater efficiency, financial governance and risk management across the spectrum of financial operations.
“Mark brings terrific skills to our finance and accounting team from his experience at several growing companies where he was instrumental in providing the finance vision, strategy and leadership to help the organizations get to the next level,” Therese Tucker, CEO, BlackLine, said. “With Mark at the finance helm, I’m confident we’ll be well positioned to meet our growth goals moving forward.”
Mr. Partin comes to BlackLine with more than 20 years of finance and operations experience and has held CFO positions at several public and privately held companies in the Internet and technology industries. During his career, he has managed a highly successful IPO, completed many strategic M&A deals, raised capital in debt and equity markets, and managed multiple shareholder exits.
Mr. Partin was most recently CFO at privately held, global SaaS company Fiberlink Communications, until its sale to IBM. Prior to that, Mr. Partin was CFO at Headhunter.net (now Careerbuilder.com), where he served as a member of the senior management team responsible for the rapid growth of the company from a venture-backed start-up to its IPO. The Company was eventually sold to Knight Ridder and Tribune.
Mr. Partin began his career as a CPA with Arthur Andersen and holds an MBA from the Harvard Business School.
Former CFO Charles Best will remain with the company as Chief Accounting Officer.
BlackLine revenues have increased more than 50 percent annually on a consistent basis for more than eight years. 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.