LOS ANGELES AND TOKYO – Oct. 8, 2018 – BlackLine, Inc. (Nasdaq: BL) announced today that it has established a subsidiary in Tokyo to help the growing number of companies in Japan looking to increase automation, efficiency, financial governance and risk management across their accounting and financial operations.
The new subsidiary, BlackLine K.K., is a joint venture between BlackLine, Inc. and Japan Cloud, a Tokyo-based professional services firm that helps leading U.S. businesses succeed in the Japan market. To date, Japan Cloud principals have launched the Japan operations of industry leaders such as Salesforce.com, Concur, Marketo, Kyriba and Demandware.
“Japan is the world’s second largest enterprise software market. Our mission is to bring world-class SaaS companies to Japan and we are extremely excited to partner with BlackLine, a leading provider of financial close automation solutions, and to provide our proven platform to support BlackLine in Japan,” Aruna Basnayake, CEO of Japan Cloud, said. “We believe the market for BlackLine in Japan is untapped and vast. We are confident that BlackLine’s underlying technology will provide crucial solutions to streamline numerous processes across the Finance & Accounting function for Japanese companies.”
“We see significant opportunity to help companies based in Japan with their finance transformation journeys and believe now is the time to expand in the region,” said BlackLine, Inc. CEO Therese Tucker. “We believe Japan Cloud’s proven track record growing enterprise SaaS businesses in Japan will help BlackLine establish a strong market presence.”
About Japan Cloud
Japan Cloud partners with leading U.S. software businesses to succeed in the Japanese market. The founders at Japan Cloud have led successful Japan joint ventures for Salesforce.com, Concur, Marketo, Kyriba and Demandware, as well as the launch of Oracle Japan. Most recently, Japan Cloud announced a joint venture with New Relic, Inc. Learn more at japancloud.co.jp.
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/.
BlackLine Forward-looking Statements
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