LOS ANGELES – Sept. 10, 2013 – Demonstrating 60 percent growth in 2012, enterprise-class financial software company BlackLine Systems has been recognized by Software Magazine for the third year in a row as one of the “largest and best performing” software and services providers in the world. In addition to making the prestigious Software 500, BlackLine also took the No. 4 spot for the fastest-growing company in the $10 to $30 million category worldwide, confirming the growing demand in the marketplace for the company’s flagship SaaS-based account reconciliation and financial close software.
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium-size to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The 2013 Software 500 ranking is based on total worldwide software and services revenue for 2012.
According to the report, overall revenue for Software 500 companies in 2012 reached $672.9 billion, up 4.5 percent from last year. The complete 2013 Software 500 list can be found in the print edition of the Fall issue of Software Magazine.
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 made the prestigious Inc. 500/5000 list for the past six years in a row, 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/.