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.
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/.