BlackLine, a provider of continuous accounting solutions, has completed its acquisition of Runbook, a European provider of financial close and automation solutions to the SAP market.
The buy is part of BlackLine’s ongoing European expansion strategy.
“Runbook is an important investment in our future, an alignment that makes BlackLine stronger on behalf of our respective customers,” Therese Tucker, BlackLine CEO, said in a statement. “Runbook’s financial close automation software solutions serve some of the largest SAP organizations in the world. The company brings a wealth of talent, technology and SAP integration and execution knowledge to BlackLine, broadening our continuous accounting platform by adding complementary technologies…. This move is part of our larger plan to deliver deeper automation across the full range of F&A processes and enterprise platforms, including more than 40 leading ERP systems.”
Runbook co-founders Herman Heller and Rob Leesberg will continue with the company as part of the BlackLine management team.
