BlackLine Acquires Rimilia
October 2, 2020
BlackLine, a cloud accounting automation company, acquired Rimilia, an AI-powered accounts receivable automation SaaS provider, for $150 million (approximately $120M at close plus up to $30M earnout). The acquisition expands BlackLine's finance automation capabilities into order-to-cash and AR automation, strengthening its position with the Office of the Controller and enlarging its total addressable market.
- Buyers
- BlackLine, Inc.
- Targets
- Rimilia
- Industry
- Cloud & SaaS
- Location
- United Kingdom
- Transaction Type
- Buyout
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