BLACKLINE MAKES DELOITTE’S FAST 500™ LIST OF THE FASTEST-GROWING TECH COMPANIES IN NORTH AMERICA FOR 8TH YEAR IN A ROW
Financial Automation Software Provider Attributes Success to Focus on Client Satisfaction, Growing Global Demand for Cloud Platform
LOS ANGELES – Nov. 9, 2017 – BlackLine,Inc. (Nasdaq: BL) took the No. 357 spot on Deloitte’s 2017 Technology Fast 500™ ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America – marking the eighth year in a row the financial controls and automation software company has made the prestigious list. The 2017 rankings are based on percentage fiscal year revenue growth from 2013 to 2016, during which time BlackLine grew by 225 percent.
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business.”
BlackLine attributes its success to a constant focus on client satisfaction and increasing market demand for its cloud-based platform on a global basis from both large and midsize organizations looking to improve financial controls, accelerate the financial close and automate key Finance & Accounting processes.
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice.
The Deloitte ranking comes on the heels of BlackLine being named by Fortune Magazine as the No. 3 ‘Best Place to Work in Southern California’ and also No. 24 on Fortune’s list of the ‘100 Best Medium Workplaces’ (between 100 and 999 employees) in the United States.
To view the complete 2017 Deloitte list, go here.
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. Designed to complement virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from 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 modernize accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 2,000 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 2017 Magic Quadrant for Cloud Financial Corporate Performance Management (FCPM) and as a pioneer in the cloud market for enhanced financial control and automation of FCPM.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.