LOS ANGELES – Feb. 25, 2020 – BlackLine,Inc. (Nasdaq: BL) today announced that the board of directors has promoted Marc Huffman to president, effective immediately. In this expanded role, he will now serve as president and chief operating officer (a position he’s held since February 2018) overseeing BlackLine’s product and technology organizations, in addition to its sales, marketing and customer-facing teams. The board also has nominated Mr.Huffman for election to the board of directors at the Company’s 2020 annual meeting.
Huffman will continue to report to Therese Tucker, BlackLine’s founder andchief executive officer.
“Marc is an invaluable asset to BlackLine. He brings a strong track record in SaaS accounting software, and, in particular, understands the nuances of taking cloud software into new global markets, which is critical as we help many more companies around the world embrace modern accounting and move away from traditional, unsustainable manual processes,” said Ms. Tucker. “In the two years Marc’s been here, we’ve scaled our sales and customer success teams, completed a global reseller agreement with SAP, and entered into a number of partnerships with the world’sleading consulting firms. I’m confident that his operational focus will allow us to continue to scale the business,expand our ecosystem of alliances worldwide and drive long-term growth.”
Tucker added, “By elevating Marc to the role of president and COO, I’ll have the opportunity to focus even more of my time and energy on innovation and creating value for our customers.”
Prior to joining BlackLine, Huffman served as president of worldwide sales and distribution at NetSuite where he was one of the main drivers for global sales. During his14-year tenure, NetSuite grew from $3 million to $1 billion in annual revenue. Overall, Huffman is a seasoned SaaS (Software-as-a-Service) executive with 25 years of experience driving growth at successful software companies.
As COO at BlackLine, Huffman has led the company’s worldwide sales, marketing and customer-facing organizations through two years of consistent execution. In his new expanded role, he will further align technology, product and go-to-market strategies to better serve customers as they modernizetheir accounting practices with BlackLine’s guidance.
“BlackLine is in an enviable position because it is beloved by its customers and has a corresponding high customer retention rate due to its world-class customer experience, great software and unparalleled leading practices to help companies move beyond traditional manual accounting processes to modern accounting,” Huffman said. “I believe the market for BlackLine has barely been tapped, and I’m looking forward to further accelerating the momentum as we continue to guide our customers to successful outcomes and connect them to a large global community of accounting and finance expertise.”
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/.