BlackLine Takes No. 14 Spot on 2015 List of ‘50 Fastest-Growing Women-Owned/Led Companies
CEO and founder Therese Tucker makes top 20 four years in a row, growing and building the finance controls and automation software company into the leader in its space
LOS ANGELES – May 1, 2015 – Leading finance controls and automation software company BlackLine took the No. 14 spot on the 2015 list of the ‘50 Fastest-Growing Women-Owned/Led Companies Worldwide,’ as ranked by the Women Presidents’ Organization in its eighth annual listing of top-performing female-led organizations. 2015 marks the fourth year in a row BlackLine has made the Top 20, placing 18th on the list last year, 19th in 2013 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. In 2014 the list, sponsored each year by American Express, 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 for the past eight years. The company has seen substantial revenue increases since moving to a SaaS (Software-as-a-Service) business model in 2008. Ms. Tucker attributes the continued growth to the growing global demand for technology solutions that can help transform finance and accounting departments into true ‘Modern Finance’ organizations, improving efficiencies and reducing compliance risks.
Ms. 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 fourth year in a row and also has made the prestigious Inc. 500/5000 for the past seven 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, Ms.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, the United Kingdom, France and Australia.
BlackLine is the leader in Enhanced Finance Controls and Automation (EFCA) software and the only provider that offers a unified cloud platform supporting the entire close-to-disclose process. The BlackLine Finance Controls and Automation Platform is designed to help midsize companies and large enterprises strengthen controls, lower compliance risks and gain greater efficiencies and visibility. Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
More than 100,000 users across 1,000 global companies in over 100 countries currently leverage BlackLine to increase accountant productivity and elevate controls and compliance functions to ‘Modern Finance’ status, with customers comprising more than 25 of the Fortune 100 and over 100 of the Fortune 500.
BlackLine complements existing enterprise systems for Corporate Performance Management, Governance Risk and Compliance and Enterprise Resource Planning. The BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution,joining the ranks of fewer than 40 other software offerings. BlackLine also is an SAP Gold Partner, Oracle Gold Partner, and participates in the partner programs of NetSuite and several other ERP providers.
BlackLine global headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City, Paris and Sydney. For more information, please visit www.blackline.com.