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).