Los Angeles-based company BlackLine has opened an India development centre (IDC) in Bengaluru to expand R&D.
Story so far: The centre is going to be used to expand the company’s R&D capability in addition to accommodating a few hundred employees by 2024. BlackLine helps large enterprises and midsize companies with solutions to manage and automate financial close, accounts receivable and intercompany accounting processes.
- The initial focus of the centre will be on R&D and cloud operations, along with new engineering teams to establish advanced services.
- BlackLine has nearly $500 million in revenue and aims to expand its services in Bengaluru.
Expansion plan: The managing director of the company’s IDC stated that they plan to expand teams in different departments including engineering, architecture, product management, and programme management. These teams will have the opportunity to use cloud software to fix the biggest problems facing finance and accounting.
- The chief technology officer of BlackLine deemed Bengaluru as the “No.1 technology spot in India.”