Calabasas, Calif. – Feb. 10, 2011 – Technology industry research firm Lead411 has named financial software provider BlackLine Systems to its list of the “Hottest Technology Companies in Southern California.” The “Hot Company” accolade comes on the heels of BlackLine’s No. 126 ranking on Lead411’s 2010 Technology 500 – an annual list of the fastest-growing, private technology companies in the United States.
Just last month, BlackLine also was named a Red Herring 100 Global Winner, being recognized as “one of the most innovative and promising technology ventures in the world.”
BlackLine revenues grew by more than 50 percent in both 2009 and 2010. The 2009 growth follows three sequential years where the company doubled its revenues. Lead411’s rankings were based on BlackLine’s 2-year revenue growth of more than 200 percent from 2007 to 2009.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.