LOS ANGELES, May 1, 2014 /PRNewswire/ -- Leading financial close software company BlackLine Systems took the No. 18 spot on the 2014 list of the '50 Fastest-Growing Women-Owned/Led Companies Worldwide,' as ranked by the Women Presidents' Organization in its seventh annual listing of top-performing female-led organizations. 2014 marks the third year in a row BlackLine has made the Top 20, placing 19th on the list last year and 15th in 2012.
Eligible companies are required to be privately held, woman-owned/led and are ranked according to a sales growth formula that combines percentage and absolute growth. For the first time since its inception, the 2014 list was opened to applicants on a global level (not just in North America as in the past) from which the '50 Fastest' around the globe were selected.
Under CEO and founder Therese Tucker's direction, BlackLine revenues have increased more than 50 percent annually on a consistent basis. The company has seen substantial revenue increases since moving to a SaaS (Software-as-a-Service) business model in 2008.
Tucker has been honored by the San Fernando Valley Business Journal as a "Woman of the Decade" for her continuous accomplishments growing and building the software company. In addition, BlackLine recently made the Software 500 list of the "largest and best performing software and service providers in the world" for the third year in a row and also has made the prestigious Inc. 500/5000 for the past six years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
A recognized leader and inspiration for young entrepreneurs and other women looking to excel in business, Tucker has been invited to speak to accounting and business students at leading U.S. universities including Harvard Business School, Columbia University/Barnard College and New York University's Stern School of Management.
In addition to strong revenue growth, BlackLine also quadrupled its headcount in the past few years, adding jobs in the United States, London and Australia.
About BlackLine Systems
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. With more than 85,000 users in over 100 countries, BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
Though ERP-agnostic, the BlackLine Financial Close Suite for SAP® Solutions is an SAP-endorsed business solution – joining the ranks of fewer than 40 other software offerings globally that are endorsed by the enterprise application software leader. BlackLine also is an SAP Gold Partner.
BlackLine offers clients its enterprise-class financial software in a simple and secure SaaS (Software-as-a-Service) 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.
BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company's growing global client base. For more information, please visit www.blackline.com.
Director of Corporate Communications
SOURCE BlackLine Systems