Bebe Stores, British Gas, Hormel Foods, H&R Block, SkyCity Entertainment, T-Mobile Among New BlackLine Systems Clients; Company Revenues up 55% in Q1
Enterprise software company adds brand names worldwide, attributes consistent growth to constant focus on client satisfaction, increasing demand for Cloud offering globally
LOS ANGELES, LONDON and SYDNEY – April 15, 2014 – Forging ahead on a strong and consistent corporate growth path, financial software company BlackLine Systems today announced key highlights of its recent quarter, including accelerated revenue growth and the addition of new brand name organizations to an already impressive list of more than 800 client companies around the world.
Bebe Stores, Hormel Foods, H&R Block and T-Mobile 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 British Gas, KCA Deutag Drilling and Misys in the United Kingdom and Panini Group S.p.A. in Italy; as well as AGL Energy and SkyCity Entertainment in Australia and the Auckland City Council in New Zealand.
The company also reported its revenues were up 55 percent in the first quarter of 2014 compared to the same quarter a year ago. 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 companies looking to improve, accelerate and streamline their account reconciliation and financial close processes. Over the past five years large enterprises worldwide have signed on to implement the BlackLine Financial Close Suite in a SaaS/Cloud environment across their global organizations – many of which made the transition from older legacy systems running on-premise/in-house software once they realized the benefits a Cloud solution, such as BlackLine, could offer.
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, BlackLine also quadrupled its headcount in the past few years, adding jobs in the United States, London and Australia.
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 fewer than 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.