BlackLine Systems Named as Finalist in 2011 American Business Awards℠

9TH ANNUAL STEVIE® AWARDS RECOGNIZE OUTSTANDING PERFORMANCE IN THE WORKPLACE

Woodland Hills, Calif. – May 16, 2011 – Financial software provider BlackLine Systems was named a Finalist for The Stevie Awards® 2011 American Business Awards? – “the nation’s premier business awards program, recognizing outstanding performance in the workplace.”

More than 2,800 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration. BlackLine Systems is a Finalist in the ‘Executive of the Year – Computer Software’ category. The Finalist distinction reflects the accomplishments of CEO and Founder Therese Tucker in building the financial software provider into the leading company in its space.

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.

The Stevie Award achievement follows a number of other recent accolades for BlackLine. 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™. 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.

The San Fernando Valley Business Journal also honored Tucker as a “Woman of the Decade.” And, most recently, global ERP/business software leader SAP® named BlackLine a Finalist for a 2011 Pinnacle Award in the ‘Software Solution Newcomer of the Year’ category.

Stevie Award Finalists were chosen by business professionals nationwide during preliminary judging in April and May. Winners will be selected from among the Finalists in each category next week by members of 10 specialized final judging committees. More than 150 executives will have participated in judging this year.

This year’s Stevie Award winners will be announced during the annual gala on Monday, June 20, at the Marriott Marquis Hotel in New York City. More than 600 executives from across the United States are expected to attend. The event will benefit Camfed (camfed.org), which fights poverty and HIV/AIDS in Africa by educating girls and empowering women to become leaders of change. The ceremonies will be broadcast on radio nationwide by the Business TalkRadio Network.

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba.

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.

MEDIA CONTACT:

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

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