Financial services software as a service (Saas) developer Blackline Systems opened data centers in Terremark facilities in Amsterdam and London

The facilities will support it enterprise-class financial close SaaS solution in the EMEA region. 
The hosted IT stack includes Cisco, Dell, SAP and VMware equipment.
Research shows that more than 90 percent of companies in Europe (and worldwide) still do account reconciliations using Excel spreadsheets, rather than implementing a system to automate and optimise the process.

“Some estimates suggest that as much as 95 percent of companies are still reconciling their balance sheet accounts manually!  We have a wide open market opportunity,” Mario Spanicciati, executive director of EMEA & EVP of Operations, BlackLine Systems, said.   “Coupled with the fact that SaaS subscriptions in general are expected to continue to increase at an exponential pace, we want to be sure we have a scalable infrastructure in place for our enterprise-class Cloud offering that will provide our clients with world-class performance and security and also support our growth for the long haul.”

Achmea a pan-European insurance provider and the largest carrier in the Netherlands up and running on the new Blackline European data centers.

“As a Dutch insurance provider serving clients across Europe, finding a hosted service provider partner that operates here, as well, was very important to us,” Pieter Ettes, information manager, Achmea, said.  “With BlackLine’s new data centers located right here in Europe, we are assured our data is housed in some of the world’s most secure, high-end facilities, offering the highest industry standard levels of uptime, availability, security and reliability – and compliant with European regulations for the insurance industry.”