LOS ANGELES – April 23, 2014 –The Los Angeles Chapter of the Association for Corporate Growth (ACG LA) has named BlackLine Systems the recipient of the ‘2014 Deal of the Year’ award following the announcement last year that the enterprise financial software company attracted a major strategic investment from Silver Lake Sumeru, the mid-market, technology-focused arm of global private equity leader Silver Lake.
Each year, ACG LA honors “exceptional companies” in the Los Angeles region, choosing from a pool of more than 100 deserving nominations. Other 2014 award recipients include the Los Angeles Dodgers, Live Nation Entertainment and e-commerce leader Newegg.com.
Under the direction of CEO and Founder Therese Tucker, BlackLine revenues have increased more than 50 percent annually for the past seven years. The company has seen substantial revenue increases since moving to a SaaS (Software-as-a-Service) business model in 2008. The recent equity investment from Silver Lake Sumeru is intended to support the company’s next phase of rapid growth.
Accounting/Finance managers and Compliance executives around the world use the BlackLine Financial Close Suite to automate traditionally manual, labor-intensive and spreadsheet-driven account reconciliation and financial close processes. BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including Aflac, AT&T, Boeing, British Gas, eBay, Eurostar International, Lafarge, Northrop Grumman, Qantas Airways and T-Mobile.
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 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.
Tucker accepted the award at the ACG LA Annual Awards Ceremony last night at the Walt Disney Concert Hall in downtown Los Angeles.
About the Association for Corporate Growth
Founded in 1954, the Association for Corporate Growth is the premier global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today, ACG stands at over 12,000 members from corporations, private equity, finance and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe.
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/.