BlackLine Systems Takes Home Gold in Best in Biz Awards 2011

FINANCIAL CLOSE SOFTWARE PROVIDER HONORED FOR FAST GROWTH AS COMPANY CONTINUES TO EXPAND GLOBALLY

LOS ANGELES – Nov 10, 2011 – Financial software provider BlackLine Systems has been named the Gold winner in the ‘Fastest-Growing Company of the Year’ category in the Best in Biz Awards 2011 – the only national business awards program judged exclusively by members of the press and industry analyst communities.

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.

Best in Biz Awards recognizes top companies, teams, executives and products for their business success.

According to program coordinators, Best in Biz Awards 2011 entries were received from an “impressive array of public and private companies from a variety of industries, sectors and regions. The companies that won Gold, Silver and Bronze awards in this year’s program represent the best in American business.”

BlackLine attributes its success to a constant focus on client satisfaction, continuous product innovation and an increasing market demand from organizations looking to improve and streamline their account reconciliation and financial close processes.

Winners of Best in Biz Awards 2011 were determined by scores from a panel of high-caliber judges from top-tier business and technology publications, as well as analyst firms, including: Accounting Today, AllBusiness.com, ECT News Network, eWeekFinancial Times, Fox News, Insight Media, Kelsey Group, King Features Syndicate, Network WorldPC Magazine, Techtalk and Wired. The 20 judges on this year’s panel boast more than 470 years of combined experience and have written for a combined total of more than 180 consumer, business, financial, trade and technology publications nationwide.

For a full list of Gold, Silver and Bronze winners in Best in Biz Awards 2011, visit: http://www.bestinbizawards.com/2011-winners.

About BlackLine

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/.

MEDIA CONTACT:

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

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