LOS ANGELES – May 2, 2012 – Los Angeles-based financial software provider BlackLine Systems took the No. 15 spot on the 2012 list of the ‘50 Fastest-Growing Women-Owned/Led Companies in North America,’ as ranked by the Women Presidents’ Organization and American Express OPEN (the small business division of American Express), and as reported in The Wall St. Journal.
All eligible companies were ranked according to a sales growth formula that combines percentage and absolute growth. From this list, the ‘50 Fastest’ were selected. To be qualified for the ranking, businesses are required to be privately held, woman-owned/led companies in the U.S. or Canada and have reached revenue of at least $500,000 by the first week of 2007 and $2 million in 2011.
BlackLine also ranked No. 6 (up from No. 9 in 2011) on this year’s San Fernando Valley Business Journal list of the ‘Largest Women-Owned Businesses’ in the region.
Under CEO and founder Therese Tucker’s direction, 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.
Just last year, Tucker was acknowledged by the San Fernando Valley Business Journal as a “Woman of the Decade” for her continuous accomplishments in growing and building the software company over the past several years. Also 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.
Most recently, BlackLine was named to Software Magazine’s prestigious annual list of the 500 largest software and service providers in the world.
A recognized leader and inspiration for young entrepreneurs and other women looking to excel in business, Tucker has recently been invited to speak to accounting and business students at both Harvard Business School and New York University.
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/.