LOS ANGELES, Dec. 8, 2016 /PRNewswire/ -- BlackLine (Nasdaq: BL) has been recognized by Software Magazine for the sixth year in a row as one of the "largest and best-performing" software and services providers in the world, with an overall 2016 Software 500 ranking of No. 311. The financial controls and automation software company also took the No. 10 spot for the fastest-growing company in the $50 to $100 million category worldwide, confirming the growing demand in the marketplace for the company's cloud-based Finance Controls and Automation Platform.
The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium-size to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The 2016 Software 500 ranking is based on total worldwide software and services revenue for 2015.
Financial information for the Software 500 is gathered by a survey prepared by Rockport Custom Publishing, LLC. Go to www.softwaremag.com to see the complete 2016 Software 500 which was released in the November issue as both a print and digital publication.
BlackLine is a provider of cloud-based solutions for Finance & Accounting (F&A) that centralize and streamline financial close operations and other key F&A processes for midsize and large organizations. Designed to complement ERP and other financial systems, the BlackLine Finance Controls & Automation Platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management, fueling confidence throughout the entire accounting cycle.
BlackLine's mission is to continuously improve the quality, accuracy and efficiency of Finance & Accounting by centralizing 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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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 achieve Modern Finance status, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 1,600 companies with users in over 120 countries around the world trust BlackLine to ensure balance sheet integrity and confidence in their financial statements.
BlackLine is recognized by Gartner as a Leader in its 2016 Magic Quadrant for Financial Corporate Performance Management (FCPM) Solutions and as a pioneer of the Enhanced Financial Controls & Automation (EFCA) software category.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.
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