BlackLine Makes Deloitte’s Prestigious Technology Fast 500™ List for 5th Year in a Row
Leading finance controls and automation software company attributes 428 percent 4-year growth to increasing global demand for cloud platform from mid-size and large enterprises
LOS ANGELES – Nov. 13, 2014 – BlackLine took the No. 225 spot on Deloitte’s 2014 Technology Fast 500™ ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America – marking the fifth year in a row the finance controls and automation software leader has made the prestigious list. The 2014 rankings are based on percentage fiscal year revenue growth from 2009 to 2013. BlackLine grew 428 percent during this period under the direction of CEO and Founder Therese Tucker.
The company attributes its success to a constant focus on client satisfaction and increasing market demand for its cloud-based platform on a global basis from both mid-size and large organizations looking to improve financial controls, accelerates the financial close and automate key accounting and finance processes.
BlackLine also just made the Los Angeles Business Journal annual list of the Top 100 Fastest Growing Private Companies for the sixth year in a row, ranking No. 38 in the Greater Los Angeles region and No. 7 in the San Fernando Valley. In addition to strong revenue growth, the company also quadrupled its headcount in the past few years, adding jobs in the United States, as well as in the United Kingdom and Australia.
BlackLine revenues have been up more than 50 percent year over year on a consistent basis and are on track to exceed that rate in 2014. The company continues to add clients at an aggressive pace with many companies signing on to implement the BlackLine Finance Controls and Automation Platform in a cloud environment across their global organizations. Applied Materials, British Gas, Hubbell, JetBlue, KFC (Great Britain), Kmart Australia, La-Z-Boy and T-Mobile are among the household brand name clients that have come on board since the beginning of the year.
Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 to 123,678 percent from 2009 to 2013, with an average growth rate of 1,640 percent.
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.