LOS ANGELES, Aug. 21, 2012 /PRNewswire/ -- Demonstrating 216 percent growth over the last three years, financial software provider BlackLine Systems has been recognized by Inc. Magazine for the fifth year in a row as one of the fastest-growing private companies in America.
The 2012 Inc. 500/5000 companies are ranked according to percentage revenue growth comparing 2008 to 2011. BlackLine achieved the No. 112 spot nationally in the Software industry sector and No. 83, overall, in the Los Angeles region. To view the complete BlackLine profile, please visit http://www.inc.com/inc5000/profile/blackline-systems.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Costco, eBay and Northrop Grumman. The company has added a large number of internationally based organizations recently, as well, such as Lafarge SA in France, Tenneco Gmbh in Germany, Fujitsu A/S in Denmark and Veolia Transport NSW in Australia, supporting the growing demand in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions for the company's account reconciliation and financial close software.
Under CEO and Founder Therese Tucker's direction, BlackLine revenues were up by 50 percent in 2010 and 2011 and are on track to grow by at least that pace in 2012. The company has seen substantial revenue increases since moving to a Software-as-a-Service (SaaS) business model in 2008.
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 2011, 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.
BlackLine also has been named to Software Magazine's prestigious annual list of the 500 largest software and service providers in the world.
The complete 2012 Inc. 500/5000 list can be found by visiting http://www.inc.com/inc5000/list/2012.
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.
Director of Corporate Communications
SOURCE BlackLine Systems