LOS ANGELES, Dec. 4, 2017 /PRNewswire/ -- BlackLine, Inc. (Nasdaq : BL ) has been recognized by Software Magazine for the seventh year in a row as one of the largest and best-performing software and services providers in the world, with an overall 2017 Software 500 ranking of No. 277 – up 34 spots from last year's 311 ranking. The financial automation software provider also took the No. 5 spot in the software-as-a-service (SaaS) category and placed No. 19 on the list of fastest-growing companies in the $100 million to $1 billion revenue range, a testament to the growing demand in the marketplace for the company's cloud platform for finance controls and automation.
The Software 500 is a revenue-based ranking of 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 2017 Software 500 ranking is based on reported total worldwide software and services revenue for 2016 compared to 2015.
Financial information for the Software 500 is gathered by a survey prepared by Rockport Custom Publishing, LLC. Go here for a comprehensive review of the methodology or to see the complete 2017 Software 500 which was released in the November issue as both a print and digital publication.
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 virtually all ERP and other financial systems including SAP, Oracle and NetSuite, BlackLine increases operational efficiency, real-time visibility, control and compliance to ensure end-to-end financial close management and accounting automation from 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Enabling customers to move beyond outdated processes and point solutions to a Continuous Accounting model, in which real-time automation, controls and period-end tasks are embedded within day-to-day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 2,000 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 2017 Magic Quadrant for Cloud Financial Corporate Performance Management (FCPM) and as a pioneer in the cloud market for enhanced financial control and automation of FCPM.
Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.