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SOURCE BlackLine Systems
Enterprise-class financial software company moves up in ranking to No. 67 with 142 percent 2-year revenue growth
LOS ANGELES, Sept. 17, 2013 /PRNewswire/ -- Technology industry research firm Lead411 has ranked BlackLine Systems No. 67 on its annual list of the fastest-growing, private technology companies in the United States. The enterprise-class financial software company has made the Lead411 list for the past four years in a row, demonstrating the company's consistent rapid growth to meet the ever-increasing demand for its flagship account reconciliation and financial close software.
The 2013 Lead411 Technology 200 is based on percentage fiscal-year revenue growth over the two-year period from 2010 to 2012. In that timeframe, BlackLine grew more than 142 percent under the direction of CEO and Founder Therese Tucker.
BlackLine revenues have increased more than 50 percent annually for the past six years and are on track to grow by at least that pace in 2013, with revenues up more than 55 percent in the first half of 2013 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.
Accounting/Finance managers and Compliance executives around the world use BlackLine 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, Eurostar International, Lafarge SA and Northrop Grumman.
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 made the Software 500 list for the past three years and the prestigious Inc. 500/5000 for the past six years in a row, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
The 2013 BlackLine Lead411 Tech 200 listing can be found at http://www.lead411.com/company_BlackLineSystems_Tucker_363433.html.
About BlackLine Systems
BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. With more than 75,000 users in over 100 countries, BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class financial software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals.
BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company's growing global client base. For more information, please visit www.blackline.com.
Director of Corporate Communications
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