LOS ANGELES – May 16, 2012 – BlackLine Systems CFO Charles Best was honored last night with a TechAmerica 2012 ‘Financial Stars of the Year’ Award in the category of private companies under $50 million. The appointment reflects BlackLine’s strong financial performance in the past year, along with Best’s direction implementing multiple technology solutions to automate and improve processes for the fast-growing financial software company.
“The TechAmerica Financial Stars Awards are the only awards dedicated to recognizing the outstanding, and important, work being done by the financial professionals behind cutting-edge innovation,” said Shawn Osborne, president and CEO of TechAmerica. “Like any other business, tech companies need sound financial footing to continue to invent and create.”
The second annual awards, presented by TechAmerica, the industry’s largest trade association and advocacy organization, recognize financial professionals in six different categories with the objective of highlighting financial leaders who have significantly contributed to the success of their companies, industry, peers and community. A thorough evaluation by independent judges, made up of industry experts and peers, was the basis for deciding the winners.
BlackLine revenues were up by more than 50 percent in 2009, 2010 and 2011. The 2009 growth follows three sequential previous years where the company’s revenues doubled.
The TechAmerica recognition follows several other recent accolades for the leading provider of software to automate the account reconciliation process. In 2011, 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. More recently, BlackLine was named to Software Magazine’s prestigious annual list of the 500 largest software and service providers in the world.
BlackLine continues to add clients at an aggressive pace with a long list of household name companies already on board including AT&T, Boeing, H.J. Heinz, Northrop Grumman, Starkist, United Airlines and Whirlpool, to name a few.
The 2012 Financial Stars Award Winners were announced at an awards ceremony last night at the Skirball Cultural Center in Los Angeles.