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New Deal


Announced

Completed

BlackLine completed the acquisition of FourQ for $240m.

Financials

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Transaction Value£177m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial software

Single Bidder

FinTech

Friendly

Majority

United States

Completed

Private

Acquisition

Domestic

Synopsis

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BlackLine, a software as a service platform, completed the acquisition of FourQ, a developer of an intercompany financial management platform, for $240m. "FourQ and BlackLine share a vision to help optimize customers' global operations for greater profitability and efficiency while freeing F&A teams to focus on strategic aspects of their business. At the same time, FourQ meets a need in the Office of the Controller that is highly complementary to BlackLine's comprehensive financial operations management platform. I look forward to reducing the headaches caused by messy intercompany accounting processes and further cementing BlackLine's market-leading position as we join forces to help customers continue to advance their intercompany journeys," Varun Tejpal, FourQ Co-Founder and CEO.

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