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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.