BlackLine Systems Makes Prestigious Inc. 500/5000 List for 4th Year in a Row
FINANCIAL SOFTWARE PROVIDER HONORED AS ONE OF AMERICA’S FASTEST-GROWING PRIVATE COMPANIES WITH 3-YEAR SALES GROWTH OF 352%
LOS ANGELES – August 23, 2011 – Demonstrating 352 percent growth over the last three years, financial software provider BlackLine Systems has been recognized by Inc. Magazine for the fourth year in a row as one of the fastest-growing private companies in America.
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.
The 2011 Inc. 500/5000 companies are ranked according to percentage revenue growth from 2007 through 2010. Complete results, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at http://www.inc.com/inc5000/.
Along with an overall ranking of No. 876, BlackLine achieved the No. 80 spot in the Software industry sector and No. 63 in the Los Angeles regional category. To view the complete BlackLine profile, please visit http://www.inc.com/inc5000/profile/blackline-systems.