BlackLine Systems Wins Gold in Best in Biz Awards 2014 International Enterprise-class financial software company CEO and founder recognized as 'Executive of the Year' in mid-size company category
LOS ANGELES, July 28, 2014 /PRNewswire/ -- BlackLine Systems has been named a Gold Winner in the Best in Biz Awards 2014 International, the only independent business awards program judged by members of the press and industry analyst communities.
Last year, BlackLine partnered with Silver Lake Sumeru, the mid-market arm of leading technology-focused global private equity firm Silver Lake, to do a recapitalization of the company and drive its next phase of growth. BlackLine CEO and Founder Therese Tucker was honored by Best in Biz in the 'Executive of the Year - Medium (100-999 employees) Category' for her accomplishments building the financial software company from the ground up into the leading provider of enterprise-class Software-as-a-Service (SaaS)-based financial close applications, resulting in the 2013 strategic partnership with Silver Lake Sumeru.
"The quality of entries in Best in Biz Awards 2014 International was very high in sectors that are critical to the future of the economy," said Damon Kitney, business editor at The Australian. "In the end, my choice came down to which business will have the most transformative impact, and it was hard to split them because they all are doing this in different ways."
More than 200 public and private companies representing all sectors of the economy from more than 30 countries competed in Best in Biz Awards' second annual International program. Winners of Best in Biz Awards 2014 International were determined based on scoring from a panel of 27 judges drawn from top-tier news, business, finance and technology publications and media outlets from 17 countries, with all continents represented.
"Under the category 'Executive of the Year', it was inspiring reading about the good work done by several CEOs and top executives," said Manjula Ramakrishnan, IAA Magazine (United Arab Emirates). "Their work was all the more laudable, for it was not just about the upward spiral of the company, or making the bottom line look good; it also included Corporate Social Responsibility (CSR) and involving the organization in meaningful community activities. In addition, it was amply evident that employee empowerment was of paramount importance, which again brought into honed focus the commendable business philosophy adopted by these leaders."
Accounting/finance managers and compliance executives around the world use the BlackLine Financial Close Suite 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 mid-size and global companies already on board including Aflac, AT&T, Boeing, British Gas, eBay, Eurostar International, Lafarge, Northrop Grumman, Qantas Airways and T-Mobile.
Ms. 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 addition, BlackLine recently made the Software 500 list of the "largest and best performing software and service providers in the world" for the third year in a row and also has made the prestigious Inc. 500/5000 for the past six years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
For a full list of gold, silver and bronze winners in Best in Biz Awards 2014 International, visit: http://intl.bestinbizawards.com/intl-2014-winners.
About Best in Biz Awards
Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are conferred in three separate programs: North America, EMEA and International. For more information, visit: http://www.bestinbizawards.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 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 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.
SOURCE BlackLine Systems