BlackLine Named a Finalist for 2011 SAP® Pinnacle Award in Software Solution Newcomer of the Year Category

PRESTIGIOUS ANNUAL AWARDS RECOGNIZE THE ‘BEST AND BRIGHTEST’ OF THE SAP PARTNER ECOSYSTEM

Woodland Hills, Calif. – April 19, 2011 Financial software provider BlackLine Systems today announced it is a 2011 SAP® Pinnacle award finalist in the Software Solution Newcomer of the Year category. SAP Pinnacle awards are presented annually to leading SAP partners that have excelled in developing and growing their partnership with SAP (NYSE: SAP) and driving customer success. Winners were selected based on over 150 nominations in 18 categories received from partners and SAP employees.

BlackLine is an SAP software solution partner and a participant in the SAP EcoHub solution marketplace. The BlackLine 5.1 solution has also achieved SAP-certified integration with SAP solutions.

This achievement follows a number of other recent accolades for BlackLine and the company’s CEO & Founder Therese Tucker. In October 2010, Accounting Today named Tucker to its “10 Worth Watching” list of “pioneers in the accounting profession.” BlackLine also ranked 61st nationally and 3rd in Los Angeles on Deloitte’s 2010 Technology Fast 500™. And, earlier this year, BlackLine was named a Red Herring 100 Global Winner – recognizing the company as one of the “most innovative and promising” tech ventures in the world.

Most recently, the San Fernando Valley Business Journal honored Tucker as a “Woman of the Decade” for her accomplishments in building and growing the software company over the past several years.

BlackLine revenues were up by more than 50 percent in both 2009 and 2010. The company also reported its strongest quarter on record in Q1, with its sales team closing half as many new deals in the first quarter of 2011 alone – traditionally the slowest time of year for software sales – as in the entire calendar year 2010. The 2009 growth follows three sequential previous years where the company’s revenues doubled under Tucker’s direction.

Please visit BlackLine at http://ecohub.sdn.sap.com/irj/ecohub/solutions/AccountReconciliations.

About BlackLine

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 seeks 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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Media Contact:
Kimberly Uberti
Director of Corporate Communications
BlackLine Systems
310-721-6850

MEDIA CONTACT:

Ashley Dyer
Sr. Public Relations Manager
P. 818.936.7166
E: ashley.dyer@blackline.com

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