BlackLine Systems Founder Therese Tucker Wins 2013 CEO World Award for Woman CEO of the Year
Enterprise-class financial software company CEO recognized for building BlackLine into market leader
LOS ANGELES – Dec. 23, 2013 – BlackLine Systems CEO and Founder Therese Tucker has been honored with a 2013 CEO World Award in the category of ‘Women CEOs of the Year.’ Tucker was recognized for her accomplishments building BlackLine 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 earlier this year from Silver Lake Sumeru, the mid-market, technology-focused arm of leading global private equity firm Silver Lake.
The CEO World Awards are an annual industry and peers recognition program honoring CEOs and companies of all types and sizes and from all over the world for leadership, innovation, organizational performance, new products and services, case studies and customer satisfaction programs.
Under Tucker’s direction, BlackLine revenues have increased more than 50 percent annually for the past seven years. 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 SA 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.
BlackLine made the Deloitte Technology Fast 500™ in 2013 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 has quadrupled its headcount in the past few years, adding jobs in the United States, London and Australia.
Most recently, Therese and BlackLine were honored with a Patrick Soon-Shiong Innovation Award, recognizing the company for innovation stemming from the simple concept of leveraging technology to optimize and automate accounting processes to help companies save time, reduce costs and make life easier for those working in corporate accounting and finance departments.
More than 30 judges from a broad spectrum of industry voices worldwide participated in the 2013 CEO World Awards selection process.
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.