BlackLine Systems Honored as a Winner in Red Herring 100 Ranking of the Top Private
ANNUAL AWARD RECOGNIZES THE “MOST PROMISING” COMPANIES DRIVING THE FUTURE OF TECHNOLOGY
Calabasas, Calif. – June 28, 2010 – Global media company and leading technology industry news source Red Herring has honored financial software provider BlackLine Systems as a 2010 winner of its prestigious Red Herring 100 award – an annual ranking of the 100 most innovative private technology companies in the North America business region.
Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe BlackLine Systems embodies the vision, drive and innovation that define a successful entrepreneurial venture. BlackLine should be proud of its accomplishment, as the competition was very strong.”
The Red Herring editorial team selected the Winners from hundreds of companies across North America. The winners were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Under CEO Therese Tucker’s direction, BlackLine has been on a steady growth path, recently recording two sequential years where the company doubled its revenues. BlackLine clients include Associated Press, Concur Technologies, Express Jet, Four Seasons and Unified Grocers.
Founded in 2001, BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. BlackLine software applications complement and are an integral component of existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class software in an easy to implement OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the effort the financial close places on accounting and finance professionals. For more information, please visit www.blackline.com.
Director of Corporate Communications
Director of Marketing