BLACKLINE WINS ‘EUROPE DEAL OF THE YEAR’ AWARD FOR RUNBOOK ACQUISITION
Financial Automation Software Provider Recognized by the M&A Advisor at the 9th Annual International M&A Awards
LOS ANGELES and LONDON – July 10, 2017 – Financial automation software provider BlackLine, Inc. (Nasdaq: BL) has been honored by The M&A Advisor for the company’s 2016 acquisition of Runbook, with the transaction named the ‘Europe Deal of the Year’ at the 9th Annual International M&A Awards gala in New York City last month.
BlackLine’s acquisition of Runbook, a Europe-based provider of financial close and automation solutions to the SAP® market, extends the company’s Continuous Accounting platform, merging financial quality assurance with financial automation and accelerating BlackLine’s innovative strategy for transforming Finance & Accounting. With the acquisition of Runbook, BlackLine’s Smart Close for SAP enables a simplified, standardized and automated financial close for SAP customers giving users direct access to all data in SAP, including historical, and making all closing tasks easily accessible from within SAP, including AP controlling and costs modules, asset history sheets, aging and risk assessment reports and special ledgers.
“Aligning with Runbook makes BlackLine stronger on behalf of our respective customers,” Therese Tucker, BlackLine CEO, said. “The company has brought a wealth of talent, technology and SAP integration and execution knowledge to BlackLine, broadening our Continuous Accounting platform by adding complementary technologies.”
The 9th Annual International M&A Awards gala honored the leading deal teams, firms and professionals whose activities set the standard for international M&A transactions. An independent judging committee of 23 top M&A industry experts selected the award recipients. A detailed list of this year’s winners can be found here.
“The 2017 International M&A Award winners represent the best of the international M&A industry in 2016 who earned these honors by standing out in a group of very impressive finalists,” said David Fergusson, president and Co-CEO of The M&A Advisor.
Runbook now operates under the BlackLine brand.