Company establishes joint venture with Japan Cloud to help companies looking for solutions to automate critical accounting and finance processes
BlackLine, Inc. (Nasdaq: BL) announced today that it has established a subsidiary in Tokyo to help the growing number of companies in Japanlooking to increase automation, efficiency, financial governance and risk management across their accounting and financial operations.
The new subsidiary, BlackLine K.K., is a joint venture between BlackLine, Inc. and Japan Cloud, a Tokyo-based professional services firm that helps leading U.S. businesses succeed in the Japan market. To date, Japan Cloud principals have launched the Japan operations of industry leaders such as Salesforce.com, Concur, Marketo, Kyriba and Demandware.
“Japan is the world’s second largest enterprise software market. Our mission is to bring world-class SaaS companies to Japan and we are extremely excited to partner with BlackLine, a leading provider of financial close automation solutions, and to provide our proven platform to support BlackLine in Japan,” Aruna Basnayake, CEO of Japan Cloud, said. “We believe the market for BlackLine in Japan is untapped and vast. We are confident that BlackLine’s underlying technology will provide crucial solutions to streamline numerous processes across the Finance & Accounting function for Japanese companies.”
“We see significant opportunity to help companies based in Japan with their finance transformation journeys and believe now is the time to expand in the region,” said BlackLine, Inc. CEO Therese Tucker. “We believe Japan Cloud’s proven track record growing enterprise SaaS businesses in Japan will help BlackLine establish a strong market presence.”