LOS ANGELES – Nov. 21, 2011 – Financial software provider BlackLine Systems has made 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 – for the third year in a row.
BlackLine achieved the No. 27 and No. 13 spots respectively, with revenues up by more than 50 percent in both 2009 and 2010. The complete listings are available in the current issues of the LABJ and SFVBJ, due out today.
During the past several years, many new Fortune 500 companies have signed on to implement the BlackLine Financial Close Software Suite in a Software-as-a Service (SaaS) environment across their global organizations. BlackLine’s 2009 growth follows two sequential previous years where the company’s revenues doubled. The company also has tripled its headcount in the past two years, adding jobs in the local community.
The LABJ and SFVBJ achievements fall on the heels of BlackLine ranking No. 111 on Deloitte’s prestigious Tech Fast 500™ list of the fastest-growing technology companies in North America. Just last month, BlackLine also was named, for the first time, to Software Magazine’s annual list of the 500 largest software companies in the world.
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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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/.