Calabasas, Calif. – Jan. 27, 2011 – Global media company and leading technology industry news source Red Herring has honored financial software provider BlackLine Systems as a winner of its prestigious Red Herring 100 Global award – an annual ranking of the 100 most ‘innovative and promising’ private technology companies in the world. The Global Award ranking follows BlackLine’s mid-year recognition as a Red Herring 100 North America Winner.
Red Herring’s Top 100 Global 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.
The Red Herring editorial team selected the Global 100 Winners from a pool of more than 1,200 leading companies spanning the globe. The nominees 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.
Red Herring then also looked at the actual track record and standing of each company to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the global technology community.
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. In 2010, BlackLine added a number of large companies to its client list including H.J. Heinz Co., Diamond Resorts International, StarKist and U.S. Foodservice.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.