BlackLine Ranks No. 70 on Lead411 Tech 200 List of Fastest-Growing Private Companies Nationwide
LOS ANGELES – Oct. 31, 2011 – Technology industry research firm Lead411 has ranked financial software provider BlackLine Systems No. 70 on its annual list of the fastest-growing, private technology companies in the United States.
The Lead411 Technology 200 is based on percentage fiscal-year revenue growth over a two-year period from 2008 to 2010. In that timeframe, BlackLine grew nearly 110 percent under the direction of CEO and Founder Therese Tucker.
BlackLine revenues were up by more than 50 percent in both 2009 and 2010. The company also is already recording strong growth in 2011, with its sales team closing nearly as many new deals in the first six months of 2011 alone as in the entire calendar year 2010. The 2009 growth follows three sequential previous years where the company’s revenues doubled.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Costco, eBay and Northrop Grumman. BlackLine moved up the list in 2011, previously ranking No. 126 on the 2010 Lead411 Tech 500 ranking.
The complete 2011 BlackLine Lead411 Tech 200 listing can be found at http://www.lead411.com/company_BlackLineSystems_Tucker_363433.html.
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 an easy to implement 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.
Director of Corporate Communications