SYS-CON MEDIA Authors: Pat Romanski, Nikita Ivanov, Yeshim Deniz, Elizabeth White, Sean Houghton
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BlackLine Systems Makes Prestigious Inc. 500/5000 List for 7th Year in a Row with 3-Year Sales Growth of 253%
Enterprise financial software company honored as one of America's fastest-growing private companies; joins ranks of Jamba Juice, Intuit, Microsoft, Patagonia, Timberland, Zappos
|By PR Newswire
|August 21, 2014 07:00 AM EDT
LOS ANGELES, Aug. 21, 2014 /PRNewswire/ -- Demonstrating 253 percent growth over the last three years, enterprise financial software company BlackLine Systems has been recognized by Inc. Magazine for the seventh year in a row as one of the fastest-growing private companies in America. As Inc.'s editors succinctly stated, "These businesses make other companies better, and make the economy work."
The notable achievement puts BlackLine in an "exclusive club" of companies that have made the Inc. 5000 Honor Roll, including such leading organizations as Intuit, Jamba Juice, Microsoft, Pandora, Patagonia, Timberland, Under Armour and Zappos.
"Only a tiny fraction of the nation's companies have demonstrated such remarkably consistent high growth, particularly in the difficult economic environment of the past few years," said Eric Schurenberg, president and editor-in-chief, Inc. Magazine. "This achievement truly puts BlackLine in rarefied company."
The 2014 Inc. 500/5000 companies are ranked according to percentage revenue growth comparing 2010 to 2013. To view the complete BlackLine profile, please visit http://www.inc.com/profile/blackline-systems.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Eurostar, Lafarge SA, Kimberly-Clark and Northrop Grumman, supporting the growing demand in North America, as well as in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions, for the company's financial close automation platform. Some of the new BlackLine clients that have come on board in 2014 include British Gas, Hormel Foods, Hubbell, JetBlue, Thales Australia, T-Mobile and WESCO.
Under CEO and Founder Therese Tucker's direction, BlackLine revenues have increased more than 50 percent annually on a consistent basis and are on track to grow by at least that pace in 2014, with revenues up nearly 60 percent in the first half of 2014 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.
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 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 been named to Software Magazine's prestigious annual list of the 500 largest software and service providers in the world the past three years.
The complete 2014 Inc. 500/5000 list can be found by visiting http://www.inc.com/inc5000/list.
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 100,000 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.
Though BlackLine is ERP-agnostic, the BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally that are endorsed by the enterprise application software leader. BlackLine also is an SAP Gold Partner.
BlackLine offers clients its enterprise-class financial software in a simple and secure SaaS (Software-as-a-Service) 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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SOURCE BlackLine Systems
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