LOS ANGELES – Aug. 20, 2013 – Demonstrating 262 percent growth over the last three years, enterprise-class financial software provider BlackLine Systems has been recognized by Inc. Magazine for the sixth year in a row as one of the fastest-growing private companies in America. According to Inc., this achievement puts BlackLine among the ranks of an “elite group” of companies that have made the Inc. 5000 Honor Roll which has, over time, included such names as Intuit, Jamba Juice, Microsoft, Patagonia, Timberland, Under Armour, Vizio and Zappos.com.
The 2013 Inc. 500/5000 companies are ranked according to percentage revenue growth comparing 2009 to 2012. BlackLine achieved the No. 117 spot nationally in the Software industry sector. To view the complete BlackLine profile, please visit http://www.inc.com/profile/blackline-systems.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Eurostar, Lafarge SA, Kimberly-Clark and Northrop Grumman, supporting the growing demand in North America, as well as in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions, for the company’s account reconciliation and financial close software.
Under CEO and Founder Therese Tucker’s direction, 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, with revenues up more than 55 percent in the first half of 2013 compared to the same period last year. The company has seen substantial revenue increases since moving to a Software-as-a-Service (SaaS) business model in 2008.
Some of the new BlackLine clients that have come on board in 2013 include:
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. 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. BlackLine also has been named to Software Magazine’s prestigious annual list of the 500 largest software and service providers in the world the past two years.
The complete 2013 Inc. 500/5000 list can be found by visiting http://www.inc.com/inc5000/list/2013.
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/.