Monday, September 26, 2016

Report: Blackline Filing For IPO

A report on Monday says that Calabasas-based Blackline Systems has filed for a confidential IPO, with an IPO coming as soon as next month. According to Reuters, citing "people familiar with the matter", said that Goldman Sachs is leading the IPO effort, which could value Blackline Systems at more than $1 billion. Blackline is led by Therese Tucker. Blackline has been rumored to be looking at an IPO since last year. Blackline develops accounting software, used by companies for reconciling account statements for their financial close.

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