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BlackLine Systems Ranks No. 7 on LABJ, 4 on SFVBJ Lists of Fastest-Growing Private Companies

REVENUES UP 50% WITH CONTINUED TREND TOWARD SAAS DEPLOYMENTS ACROSS GLOBAL ORGANIZATIONS

Calabasas, Calif. – Nov. 22, 2010 – Financial software provider BlackLine Systems achieved the No. 7 and No. 4 spots respectively on the Los Angeles Business Journal’s (LABJ) and San Fernando Valley Business Journal’s (SFVBJ) annual rankings of the top 100 Fastest-Growing Private Companies in the region. The complete listings are available in the current issues of the LABJ and SFVBJ, due out today.

Under the direction of CEO and founder Therese Tucker, 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 under Tucker’s direction.

During the year, many new Fortune 500 companies signed on to implement BlackLine’s OnDemand Financial Close Software Suite in a Software-as-a Service (SaaS) environment across their global organizations. BlackLine also tripled its headcount in the past two years, adding jobs in the local community.

Tucker boasts a client roster that includes such household names as AT&T, Boeing, Costco, Cox Communications, eBay and Northrop Grumman. Leading global accounting and consulting firms Deloitte, Ernst & Young and KPMG are among a growing list of organizations with representatives who have become ‘BlackLine Certified Implementers.’

The LABJ and SFVBJ achievements follow on the heels of BlackLine ranking No. 61 nationally and third in the LA region on Deloitte’s prestigious Tech Fast 500™ list of the fastest-growing technology companies in North America.