LOS ANGELES – May 1, 2014 – Leading financial close software company BlackLine Systems took the No. 18 spot on the 2014 list of the ‘50 Fastest-Growing Women-Owned/Led Companies Worldwide’ as ranked by the Women’s President’s Organization in its seventh annual listing of top-performing female-led organizations. 2014 marks the third year in a row BlackLine has made the Top 20, placing 19th on the list last year and 15th in 2012.
Eligible companies are required to be privately held, woman-owned/led and are ranked according to a sales growth formula that combines percentage and absolute growth. For the first time since its inception, the 2014 list was opened to applicants on a global level (not just in North America as in the past) from which the ‘50 Fastest’ around the globe were selected.
Under CEO and founder Therese Tucker’s direction, BlackLine revenues have increased more than 50 percent annually on a consistent basis. The company has seen substantial revenue increases since moving to a SaaS (Software-as-a-Service) business model in 2008.
Tucker has been honored by the San Fernando Valley Business Journal as a “Woman of the Decade” for her continuous accomplishments growing and building the software company. In addition, BlackLine recently made the Software 500 list of the “largest and best performing software and service providers in the world” for the third year in a row and also has made the prestigious Inc. 500/5000 for the past six years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
A recognized leader and inspiration for young entrepreneurs and other women looking to excel in business, Tucker has been invited to speak to accounting and business students at leading U.S. universities including Harvard Business School, Columbia University/Barnard College and New York University’s Stern School of Management.
In addition to strong revenue growth, BlackLine also quadrupled its headcount in the past few years, adding jobs in the United States, London and Australia.
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/.