BlackLine, which is backed by Silver Lake Sumeru, said Tuesday that it hired Mark Partin as its CFO. Partin recently served as CFO of Fiberlink communications which was sold to IBM. Charles Best, BlackLine’s former CFO, will remain with the company as Chief Accounting Officer.
LOS ANGELES, Feb. 24, 2015 /PRNewswire/ — BlackLine, the leading provider of finance controls and automation software, continues its investment in new executive talent with the hiring of Mark Partin as Chief Financial Officer (CFO). Mr. Partin is a seasoned executive with extensive experience overseeing finance organizations for high-growth companies, most recently serving as CFO at Fiberlink Communications, which was sold to IBM.
As CFO at BlackLine, Mr. Partin will be responsible for ensuring that the finance organization can enable the company to continue to drive growth, capitalizing on the growing worldwide demand for software solutions that drive greater efficiency, financial governance and risk management across the spectrum of financial operations.
“Mark brings terrific skills to our finance and accounting team from his experience at several growing companies where he was instrumental in providing the finance vision, strategy and leadership to help the organizations get to the next level,” Therese Tucker, CEO, BlackLine, said. “With Mark at the finance helm, I’m confident we’ll be well positioned to meet our growth goals moving forward.”
Mr. Partin comes to BlackLine with more than 20 years of finance and operations experience and has held CFO positions at several public and privately held companies in the Internet and technology industries. During his career, he has managed a highly successful IPO, completed many strategic M&A deals, raised capital in debt and equity markets, and managed multiple shareholder exits.
Mr. Partin was most recently CFO at privately held, global SaaS company Fiberlink Communications, until its sale to IBM. Prior to that, Mr. Partin was CFO at Headhunter.net (now Careerbuilder.com), where he served as a member of the senior management team responsible for the rapid growth of the company from a venture-backed start-up to its IPO. The Company was eventually sold to Knight Ridder and Tribune.
Mr. Partin began his career as a CPA with Arthur Andersen and holds an MBA from the Harvard Business School.
Former CFO Charles Best will remain with the company as Chief Accounting Officer.
BlackLine revenues have increased more than 50 percent annually on a consistent basis for more than eight years. In 2013, BlackLine partnered with Silver Lake Sumeru, the mid-market arm of leading technology-focused global private equity firm Silver Lake, to do a recapitalization of the company and drive its next phase of growth.
BlackLine is the leader in Enhanced Finance Controls and Automation (EFCA) software and the only provider today offering a unified cloud platform—built from a single code base—that supports the entire close-to-disclose process, as well as a host of other key accounting and financial processes. BlackLine’s Finance Controls and Automation Platform increases business efficiency and visibility, while ensuring the highest degree of balance sheet integrity.
Delivered through a scalable and highly secure cloud model, BlackLine empowers more than 1,000 global companies to reduce the time and resources required to execute month-end closing with unparalleled accuracy, fueling confidence throughout the entire accounting cycle. With more than 100,000 users in over 100 countries, BlackLine complements existing Corporate Performance Management (CPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
Although BlackLine is ERP-agnostic, the BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally that are endorsed by the enterprise application software leader. BlackLine also is an SAP Gold Partner, Oracle Gold Partner and participates in the partner programs of NetSuite and several other ERP providers.
Company headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney. For more information, please visit www.blackline.com.