LOS ANGELES – Dec. 15, 2014 – Achieving more than 50 percent year-over-year revenue growth since its inception, enterprise financial software company BlackLine has been recognized by Montclare as one of the “most influential and successful SaaS (Software-as-a-Service) companies in the world” – ranking No. 77 on the 2014 Montclare SaaS 250. BlackLine also took the No. 7 spot in the Financials category. In making the SaaS 250, BlackLine joins many global brand name SaaS providers including Concur, Google, LinkedIn, NetSuite, Salesforce.com and Workday.
Accounting/finance managers and compliance executives around the world use the cloud-based BlackLine Finance Controls and Automation Platform to automate traditionally manual, labor-intensive and spreadsheet-driven accounting and finance processes. Some of the new BlackLine clients that have come on board in 2014 include Applied Materials, British Gas, Bureau Veritas, Elsevier, Hormel Foods, Hubbell, JetBlue, KFC GB (Great Britain), La-Z-Boy, Thales Australia, T-Mobile and Web.com.
“We are pleased to have included BlackLine on the Montclare SaaS 250,” said Kevin Dobbs, CEO at Montclare. “BlackLine’s growth in its SaaS business over the past few years has been truly impressive.”
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. The company has seen substantial revenue increases since moving to a SaaS business model in 2008.
The Montclare SaaS 250 provides insights on the SaaS industry, as well as analysis on the most significant global SaaS companies. The research report is an invaluable resource for software executives, investors and analysts to understand the behaviors of successful SaaS companies and the landscape in which they coexist. From start-ups to notable public firms, Montclare’s research highlights trends, fundings, acquisitions and other relevant insights critical to those interested in studying this dynamic market which, according to IDC, is growing at approximately five times the rate of the software market as a whole.
The list of 250 companies is publicly available at http://montclare.com/saas-250.
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/.