LOS ANGELES – Nov. 4, 2013 – BlackLine Systems CEO and Founder Therese Tucker has been invited to speak this week at the Third Annual CohnReznick Liquidity and Capital Raising National Forum. The third in a series of forums on the topic presented by CohnReznick LLP across the country, the half-day event will take place on Wednesday, Nov. 6, at the Peninsula Beverly Hills Hotel in Los Angeles and will feature M&A and capital markets experts and CEOs who will share their insights and advice on raising funds in today’s economy.
Tucker will participate on a panel entitled “Getting it Done Right” where she will draw on her experience building BlackLine Systems from the ground up into the leading provider of enterprise-class financial close software solutions, and eventually to the point at which she accepted a strategic investment from Silver Lake Sumeru, the mid-market, technology-focused arm of leading global private equity firm Silver Lake.
Carol Massar, chief national correspondent for Bloomberg TV and co-host of “Bloomberg on the Economy” on Bloomberg Radio, will moderate the session. Other panelists include Scott Friedman of NYX Cosmetics and David Lewis of 8020 Consulting.
Under the direction of Tucker, BlackLine revenues have increased more than 50 percent annually for the past six years and are on track to grow by at least that pace in 2013. The company has seen substantial revenue increases since moving to a SaaS (Software-as-a-Service) business model in 2008. The recent equity investment from Silver Lake Sumeru is intended to support the company’s next phase of rapid growth.
Accounting/Finance managers and Compliance executives around the world use the BlackLine Financial Close Suite to automate traditionally manual, labor-intensive and spreadsheet-driven account reconciliation and financial close processes. BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including Aflac, AT&T, Boeing, eBay, Eurostar International, Lafarge and Northrop Grumman.
Tucker’s passion, persistence and effort have paid off with BlackLine ranking No. 15 on the 2012 list of the ‘50 Fastest’ Women-Owned/Led Companies in North America, as reported in The Wall St. Journal. Tucker also was honored earlier this year with a ‘2013 Enterprising Women of the Year Award’ from Enterprising Women magazine.
In addition, BlackLine recently made the Software 500 list of the “largest and best performing software and service providers in the world” for the third year in a row and also has made the prestigious Inc. 500/5000 for the past six years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
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/.