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.
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 existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine strives to reduce the burden the financial close places on accounting and finance professionals. For more information, please visit www.blackline.com.
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