BlackLine Systems Named to Inaugural Build 100 List with 5-Year Job Growth Over 1,000% Inc. magazine celebrates America's 'enduring job creators' with first-ever Build 100 index of sustained-growth companies
LOS ANGELES, Oct. 7, 2013 /PRNewswire/ -- Inc. magazine has named enterprise-class financial software company BlackLine Systems to The Build 100, a new business index that honors an "elite tier of companies that have expanded employment in each of the past five years." The Build 100 was created by studying the growth performance of millions of U.S. mid-market companies between 2007 and 2012. During that time, BlackLine increased its head count by more than 1,000 percent, adding jobs in the United States, London and Sydney to serve the growing global client base for its flagship Financial Close Suite.
"Seventy-two percent of all new U.S. jobs are created by one percent of companies," says Inc. economist-in-residence Gary Kunkle. "The Build 100 represents the top one percent of that one percent. The companies should be celebrated, but they must also be studied so that we can better understand — and replicate — the decisions, priorities, investments and strategies that helped them grow."
The Build 100 is a predictive tool built on rigorous economic research showing the only statistically significant predictor of a company's future success is sustained job growth over time. Every Build 100 company has added jobs in each of the last five years – "a feat worth celebrating in any economic climate," according to Inc.
Accounting/Finance managers and Compliance executives around the world use BlackLine to automate accounting processes that are traditionally manual, labor-intensive and spreadsheet-driven, such as account reconciliations. With more than 175 employees currently on staff, BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including Achmea, Aflac, AT&T, Boeing, Eurostar International, Lafarge SA and Northrop Grumman.
BlackLine revenues also 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. In addition, BlackLine has made the Software 500 list of the world's "largest and best performing" software companies 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.
Inc. will unveil the full inaugural Build 100 list in its March 2014 issue and on its affiliate website TheBuildNetwork.com in early 2014. To make the cut, companies had to have achieved employee growth in 2008, 2009, 2010, 2011 and 2012.
About The Build Network
Founded in 2011 by two longtime editors of Inc., The Build Network is a management enterprise within Inc. that studies and serves sustained-growth companies with a special quarterly print section, a dynamic web site, live events, research endeavors and The Build 100 index of sustained-growth firms. For more information, visit thebuildnetwork.com.
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
SOURCE BlackLine Systems