LOS ANGELES – Aug. 21, 2014 – Demonstrating 253 percent growth over the last three years, enterprise financial software company BlackLine Systems has been recognized by Inc. Magazine for the seventh year in a row as one of the fastest-growing private companies in America. As Inc.’s editors succinctly stated, “These businesses make other companies better, and make the economy work.”
The notable achievement puts BlackLine in an “exclusive club” of companies that have made the Inc. 5000 Honor Roll, including such leading organizations as Intuit, Jamba Juice, Microsoft, Pandora, Patagonia, Timberland, Under Armour and Zappos.
“Only a tiny fraction of the nation’s companies have demonstrated such remarkably consistent high growth, particularly in the difficult economic environment of the past few years,” said Eric Schurenberg, president and editor-in-chief, Inc. Magazine. “This achievement truly puts BlackLine in rarefied company.”
The 2014 Inc. 500/5000 companies are ranked according to percentage revenue growth comparing 2010 to 2013. To view the complete BlackLine profile, please visit http://www.inc.com/profile/blackline-systems.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Eurostar, Lafarge SA, Kimberly-Clark and Northrop Grumman, supporting the growing demand in North America, as well as in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions, for the company’s financial close automation platform. 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.
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 nearly 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 Software-as-a-Service (SaaS) business model in 2008.
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 been named to Software Magazine’s prestigious annual list of the 500 largest software and service providers in the world the past three years.
The complete 2014 Inc. 500/5000 list can be found by visiting http://www.inc.com/inc5000/list.
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/.