BlackLine Revenues up 50% in 2013; Citrix Systems, DirecTV, Hanesbrands, LinkedIn, McGraw-Hill Financial, Qantas, QBE UK, Tate & Lyle, Virgin Australia Among New Clients
Enterprise-class financial software company adds global brand names, attributes consistent growth to focus on client satisfaction, increasing demand for SaaS offering worldwide
LOS ANGELES, LONDON and SYDNEY – Dec. 16, 2013 – Continuing on a strong and consistent corporate growth path, financial software company BlackLine Systems has reported its revenues are up more than 50 percent again in 2013, for the seventh year in a row. Prior to that, the company’s revenues doubled year-over-year in its initial growth phase.
Citrix Systems, DirecTV, Hanesbrands, LinkedIn and McGraw-Hill Financial are just a few of the new BlackLine clients that have signed on in North America. BlackLine is also seeing solid growth in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions, recently adding Camelot UK Lotteries, QBE Management Services UK and Tate & Lyle in the United Kingdom; ACE Insurance Asia Pacific and CooperVision Asia Pacific in Singapore; and Qantas Airways, UniSuper and Virgin Australia in Australia.
The new subscribers join an impressive list of over 700 BlackLine client companies around the world.
BlackLine attributes its success to a constant focus on client satisfaction and increasing market demand for its enterprise-class SaaS (Software-as-a-Service) offering in North America, as well as in the APAC and EMEA regions, from organizations looking to improve and streamline their account reconciliation and financial close processes. Over the past five years, many large enterprises have signed on to implement the BlackLine Financial Close Suite in a SaaS environment across their global organizations.
BlackLine recently made the prestigious Deloitte Technology Fast 500™ for the fourth year in a row. In addition, BlackLine has made the Software 500 list of the world’s “largest and best performing” software companies for the past three years and the prestigious Inc. 500/5000 for the past six years in a row, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
In addition to strong revenue growth, the company also quadrupled its headcount in the past few years, adding jobs in the United States, London and Australia.
Just last month, the company announced that the BlackLine Financial Close Suite for SAP® Solutions has become an SAP-endorsed business solution – joining the ranks of only 40 other software offerings globally.
About BlackLine Systems
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. With more than 85,000 users in over 100 countries, BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
Though ERP-agnostic, the BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution – joining the ranks of only 40 other software offerings globally that are endorsed by the enterprise application software leader. BlackLine also is an SAP Gold Partner.
BlackLine offers clients its enterprise-class financial software in a simple and secure SaaS (Software-as-a-Service) 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.
BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company’s growing global client base. For more information, please visit www.blackline.com.