WOODLAND HILLS, Calif., May 11, 2011 /PRNewswire/ -- BlackLine Systems CEO and Founder Therese Tucker has been nominated for the TechAmerica Financial Stars of the Year Awards in the category of private companies under $50 million. The nomination reflects BlackLine's strong financial performance and Tucker's accomplishments in building and growing the financial software company.
The first annual awards, presented by TechAmerica, the industry's largest trade association and advocacy organization, recognize financial professionals in seven different categories of companies. The objective is to highlight financial leaders in the greater Los Angeles community who have significantly contributed to the success of their companies, industry, peers and community. Winners will be announced at an awards ceremony on Wednesday, May 18, 2011, at the Skirball Cultural Center.
"Therese Tucker exemplifies the impressive level of executive talent we've seen in the nominations we've received as part of TechAmerica's first annual Financial Stars of the Year Awards," said Dotty Kaminsky, TechAmerica's Associate Director. "We are honored to include Therese and BlackLine in this year's awards event."
BlackLine revenues were up by more than 50 percent in both 2009 and 2010. The company also reported its strongest quarter on record in Q1, with its sales team closing half as many new deals in the first quarter of 2011 alone – traditionally the slowest time of year for software sales – as in the entire calendar year 2010. The 2009 growth follows three sequential previous years where the company's revenues doubled under Tucker's direction.
The TechAmerica achievement follows a number of other recent accolades for BlackLine. In October 2010, Accounting Today named Tucker to its "10 Worth Watching" list of "pioneers in the accounting profession." BlackLine also ranked 61st nationally and 3rd in Los Angeles on Deloitte's 2010 Technology Fast 500(TM). Earlier this year, BlackLine was named a Red Herring 100 Global Winner – recognizing the company as one of the "most innovative and promising" tech ventures in the world.
The San Fernando Valley Business Journal also honored Tucker as a "Woman of the Decade." And, most recently, global ERP/business software leader SAP named BlackLine a Finalist for a 2011 Pinnacle Award in the Software Solution Newcomer of the Year category.
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 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. For more information, please visit www.blackline.com.
TechAmerica is the leading voice for the U.S. technology industry – the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,200 member companies of all sizes from the public and commercial sectors of the economy, it is the industry's largest advocacy organization operating at the state, national and international level. TechAmerica, (formerly the American Electronics Association), is dedicated to helping members' top and bottom lines. The Los Angeles Council of TechAmerica hosts a series of executive roundtables and other networking events. Learn more about TechAmerica at www.techamerica.org and http://www.techamerica.org/losangeles .
SOURCE BlackLine Systems