LOS ANGELES, May 11, 2017 /PRNewswire/ -- Financial automation software provider BlackLine, Inc. (Nasdaq: BL) was honored last night by the Los Angeles Chapter of the Association for Corporate Growth (ACG LA) with the 'IPO of the Year' award, following the company's October 2016 debut on the Nasdaq Global Select Market.
Each year, ACG LA recognizes "exceptional companies" in the Los Angeles region that have "demonstrated outstanding performance and leadership," choosing from a pool of hundreds of deserving nominations. Other award recipients included Dollar Shave Club, LA Rams and Stamps.com.
CEO and Founder Therese Tucker built BlackLine from the ground up into a leader in its space, with Finance and Accounting professionals in more than 130 countries around the world now using BlackLine's cloud platform to automate traditionally manual, labor-intensive and spreadsheet-driven account reconciliation and financial close processes. BlackLine customers include such brand name companies as DIRECTV, Expedia, Hyatt Hotels, Qantas Airways and T-Mobile.
Ms. Tucker's passion, persistence and effort have paid off with BlackLine ranking No. 7 on the 2016 list of the '50 Fastest' Women-Owned/Led Companies in North America, as reported at Fortune.com. In addition, BlackLine has made the Software 500 list of the "largest and best performing software and service providers in the world" for the sixth year in a row and also the prestigious Inc. 500/5000 for the past nine years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
Tucker accepted the award at the ACG LA Annual Awards Ceremony last night at the Walt Disney Concert Hall in downtown Los Angeles.
BlackLine is a provider of cloud-based solutions that transform Finance and Accounting (F&A) by automating, centralizing and streamlining financial close operations, intercompany accounting processes and other key F&A processes for large and midsize organizations. Designed to complement ERP and other financial systems, BlackLine's cloud platform increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation.
BlackLine's mission is to continuously improve the quality, accuracy and efficiency of Finance and 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 Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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 modernize accounting operations with intelligent automation, ensuring more accurate and insightful financial statements and a more efficient financial close. More than 1,800 companies with users in over 130 countries around the world trust BlackLine to help 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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