M&A Deal Summary

BlackLine Acquires FourQ

On January 27, 2022, BlackLine acquired information technology company FourQ for 165M USD

Acquisition Highlights
  • This is BlackLine’s 1st transaction in the Information Technology sector.
  • This is BlackLine’s largest (disclosed) transaction.
  • This is BlackLine’s 1st transaction in the United States.
  • This is BlackLine’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-01-27
Target FourQ
Sector Information Technology
Buyer(s) BlackLine
Deal Type Add-on Acquisition
Deal Value 165M USD

Target

FourQ

Westport, Connecticut, United States
FourQ is a full-service, complete solution for automating intercompany billing and invoice management for multinational organizations and their suppliers. IT employs industry-leading expertise to improve shared service productivity while reducing global tax and compliance exposure. FourQ was formed in 2019 and is based in Westport, Connecticut.

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Buyer(S) 1

Buyer

BlackLine

Woodland Hills, California, United States
Category Company
Founded 2001
Sector Internet Software and Services
Employees1,750
Revenue 590M USD (2023)
DESCRIPTION

BlackLine offers a cloud-based software platform designed to transform and modernize accounting and finance operations for organizations of all types and sizes. BlackLine's secure, scalable platform supports critical accounting processes such as the financial close, account reconciliation, intercompany accounting and controls assurance. By introducing software to automate these processes and to enable them to function continuously, BlackLine empowers its customers to improve the integrity of their financial reporting, achieve efficiencies and enhance real-time visibility into their operations. BlackLine was founded in 2001 and is based in Woodland Hills, California.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 Rimilia Holdings

Worcs, United Kingdom

Rimilia Holdings Ltd. is a designer and developer of cash allocation software solutions and technologies that automate and drive value from existing manually intensive finance processes. Rimilia was founded in 2008 and is based in Worcs, United Kingdom.

Buy $150M
Mergr

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