CALABASAS, Calif., Feb. 10, 2011 /PRNewswire/ -- Technology industry research firm Lead411 has named financial software provider BlackLine Systems to its list of the "Hottest Technology Companies in Southern California." The "Hot Company" accolade comes on the heels of BlackLine's No. 126 ranking on Lead411's 2010 Technology 500 – an annual list of the fastest-growing, private technology companies in the United States.
Just last month, BlackLine also was named a Red Herring 100 Global Winner, being recognized as "one of the most innovative and promising technology ventures in the world."
BlackLine revenues grew by more than 50 percent in both 2009 and 2010. The 2009 growth follows three sequential years where the company doubled its revenues. Lead411's rankings were based on BlackLine's 2-year revenue growth of more than 200 percent from 2007 to 2009.
In 2010, BlackLine added a number of large companies to its client list including H.J. Heinz Co., Diamond Resorts International, StarKist and U.S. Foodservice.
Founded in 2001, 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. 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 an easy to implement 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.
SOURCE BlackLine Systems