Calabasas, Calif. – October 20, 2010 – Financial software provider BlackLine Systems ranked No. 61 on the Technology Fast 500™, Deloitte’s ranking of 500 of the fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009.
BlackLine grew more than 2,000 percent during this period under the direction of CEO and Founder Therese Tucker. The company attributes its success to a constant focus on client satisfaction, continuous product innovation and an increasing market demand from organizations looking to improve and streamline the account reconciliation and financial close processes.
“BlackLine and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends BlackLine for this impressive accomplishment.”
With just over 60 employees on staff, Tucker boasts a client roster at BlackLine that includes such household names as AT&T, Boeing, Costco, Cox Communications, eBay and Northrop Grumman. BlackLine revenues were up by more than 50 percent in 2009. The 2009 growth follows two sequential previous years where the company’s revenues doubled.
“BlackLine has proven itself to be one of the fastest-growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com.
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralising and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize enterprises. Designed to complement ERP and other financial systems, BlackLine’s cloud platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation.
BlackLine’s mission is to continuously improve the quality, accuracy and efficiency of Finance and Accounting by centralising key functions within a single, unified cloud platform. Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day activities. BlackLine helps companies modernise accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. To date more than 2,800 companies with users in over 130 countries around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements.
BlackLine is recognized by Gartner as a Leader in its 2019 Magic Quadrant for Cloud Financial Close Solutions.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney servicing its 14 global locations.For more information, please visit https://www.blackline.com/.