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Nasdaq Welcomes BlackLine, Inc. (Nasdaq: BL) to The Nasdaq Stock Market

NEW YORK, Oct. 28, 2016 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq:BL), a leading provider of financial controls and automation software that enable Continuous Accounting, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

BlackLine, Inc. (Nasdaq: BL), a leading provider of financial controls and automation solutions that enable Continuous Accounting, visits the Nasdaq MarketSite in Times Square, in celebration of its initial public offering (IPO).


BlackLine, Inc. (Nasdaq: BL), a leading provider of financial controls and automation solutions that enable Continuous Accounting, visits the Nasdaq MarketSite in Times Square, in celebration of its initial public offering (IPO).


Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/ea356204-3f81-4d06-a714-602eedad6bcc

http://www.globenewswire.com/NewsRoom/AttachmentNg/56e03814-c969-4185-b7f6-aa8f3fe8bb14

BlackLine modernizes the way Finance & Accounting (F&A) works today. BlackLine offers a Software-as-a-Service (SaaS) solution that replaces manual, labor-intensive processes in F&A with an easy-to-implement, easy-to-use and easy-to-maintain application. The company’s secure, scalable platform supports critical accounting processes such as the financial close, account reconciliation, intercompany accounting and controls assurance. BlackLine empowers midsize and large companies to improve the integrity of their financial reporting, achieve efficiencies and enhance real-time visibility into their F&A operations.

“We feel a strong kinship with Nasdaq, which is the home of so many amazing, innovative and growing companies. Innovation is the foundation upon which we have built a great global company that is transforming Finance & Accounting,” said Therese Tucker, Founder and Chief Executive Officer, BlackLine. “Today marks an incredible milestone, but we’re not done yet – we believe the opportunity is tremendous with more than 165,000 companies still out there that can benefit from adopting Continuous Accounting and cloud technology to transform their F&A operations into true modern finance organizations.”

“BlackLine delivers a fresh approach to Finance & Accounting by introducing sophisticated technology solutions that streamline the entire financial close process,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “Innovation is at the heart of Nasdaq’s brand and we are proud to be the listing partner of the BlackLine team as they continue to drive transformative changes, enabling organizations to address business and regulatory challenges more efficiently.”

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and more than 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com

Media Relations Contacts:
Stephanie Lowenthal
(646) 441-5073
Stephanie.Lowenthal@nasdaq.com

Emily Pan
(646) 441-5120
emily.pan@nasdaq.com

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Source:NASDAQ, Inc.