LOS ANGELES, Aug. 20, 2013 /PRNewswire/ -- Demonstrating 262 percent growth over the last three years, enterprise-class financial software provider BlackLine Systems has been recognized by Inc. Magazine for the sixth year in a row as one of the fastest-growing private companies in America. According to Inc., this achievement puts BlackLine among the ranks of an "elite group" of companies that have made the Inc. 5000 Honor Roll that has, over time, included such names as Intuit, Jamba Juice, Microsoft, Patagonia, Timberland, Under Armour, Vizio and Zappos.com.
The 2013 Inc. 500/5000 companies are ranked according to percentage revenue growth comparing 2009 to 2012. BlackLine achieved the No. 117 spot nationally in the Software industry sector. 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 account reconciliation and financial close software.
Under CEO and Founder Therese Tucker's direction, 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.
Some of the new BlackLine clients that have come on board in 2013 include:
- Pan-European insurance provider Achmea
- Worldwide insurer Aflac
- U.S. media giant Hearst Corporation
- The Nasdaq OMX Group – the world's largest exchange company
- Australian mobile/broadband communications leader Optus
- Leading home and real estate marketplace Zillow, Inc.
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 two years.
The complete 2013 Inc. 500/5000 list can be found by visiting http://www.inc.com/inc5000/list/2013.
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 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. For more information, please visit www.blackline.com.
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
SOURCE BlackLine Systems