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ENTERPRISE FINANCIAL SOFTWARE PROVIDER BLACKLINE SYSTEMS SURPASSES 10,000-USER MARK

A&T, BAXTER AMERICAS, MGM MIRAGE AMONG COMPANIES UTILIZING 1ST AUTOMATED FINANCIAL CLOSE/ACCOUNT RECONCILIATION SOFTWARE SUITE

CALABASAS, Calif. – September 19, 2008 – More than 10,000 users in large corporations worldwide are now using BlackLine Systems software to streamline the financial close process. AT&T, Baxter Americas and MGM Mirage are among their well-known customers.

BlackLine provides accounting department staff with financial applications that, for the first time, automate the entire month- and year-end close processes – even for entities utilizing multiple programs, legacy and/or diverse financial and accounting systems. BlackLine offers modules for Balance Sheet Account ReconciliationsVariance AnalysisTask ManagementJournal Creation and Transaction Matching.

“Our goal has always been to deliver ROI to accounting staff in Fortune 1,000 corporations,” Therese Tucker, CEO and founder, BlackLine Systems, said. “Continually adding household names to our prestigious client roster is a testament to the fact that CFOs in some of the world’s largest companies see the value and ROI that they will get from implementing BlackLine – in many cases across global organizations.”

BlackLine Systems will be showing its flagship software at Oracle’s OpenWorld conference next week in San Francisco in booth No. 3137.