BlackLine Makes Prestigious Software 500 List for 4th Year in a Row
Software Magazine ranks finance controls and automation leader as one of world’s largest software companies; BlackLine also takes No. 2 spot for fastest-growing in $30 to $50 million category
LOS ANGELES – Sept. 3, 2014 – Achieving more than 50 percent revenue growth in 2013, enterprise financial software company BlackLine has been recognized by Software Magazine for the fourth 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. 2 spot for the fastest-growing company in the $30 to $50 million category worldwide, confirming the growing demand in the marketplace for the company’s Software-as-a-Service (SaaS)-based Finance Controls and Automation Platform.
“The Software 500 helps CIOs, senior IT managers and IT staff research and create their short list of business partners,” says John P. Desmond, editor, Software Magazine. “It is a quick reference of vendor viability. And the online version, to be posted soon at softwaremag.com, is searchable by category, making it what we call the de facto online catalog to enterprise 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 2014 Software 500 ranking is based on total worldwide software and services revenue for 2013.
Under CEO and Founder Therese Tucker’s direction, BlackLine revenues have increased more than 50 percent annually on a consistent basis and are on track to grow by at least that pace in 2014, with revenues up more than 60 percent in the first half of 2014 compared to the same period last year. The company has seen substantial revenue increases since moving to a SaaS business model in 2008.
Some of the new BlackLine clients that have come on board in 2014 include British Gas, Hormel Foods, Hubbell, JetBlue, Thales Australia, T-Mobile and WESCO.
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 seven years in a row, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
Financial information for the Software 500 is gathered by a survey prepared by Rockport Custom Publishing, LLC. Go to http://www.softwaremag.com to be among the first to see the complete 2014 Software 500 which will be released in the October issue as both a print and digital publication (which mails on Oct. 8th).
BlackLine is the leader in Enhanced Finance Controls and Automation software. The company’s Finance Controls and Automation Platform has helped more than 800 global companies automate processes and accelerate their financial close, resulting in unparalleled accuracy and increased confidence in the numbers and enabling organizations with a heterogeneous financial application landscape to better manage and control their finance processes without major investment or risk.
With more than 100,000 users in over 100 countries, BlackLine complements existing Corporate Performance Management (CPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems. Though BlackLine is 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.
Delivered in a quick-to-implement, scalable and secure SaaS (Software-as-a-Service) model, the BlackLine Finance Controls and Automation Platform reduces the time and resources required to execute month-end closing and other critical finance processes throughout the entire accounting cycle.
With a proven track record and a commitment to client success, BlackLine seeks to minimize the burden the financial close and other traditionally manual processes place on accounting and finance professionals. The company was recently recognized among the leaders in the Enhanced Finance Controls and Automation software category by Gartner.
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.