BlackLine Makes Deloitte's Fast 500™ List Of The Fastest-Growing Tech Companies In North America For 9th Year In A Row

Financial automation software provider attributes success to customer focus, growing global demand for leading cloud platform

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BlackLine

Nov 19, 2018, 09:00 ET

LOS ANGELES, Nov. 19, 2018 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) took the No. 334 spot (up from 357 last year) on Deloitte's 2018 Technology Fast 500™ ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America – marking the ninth year in a row the financial controls and automation software company has made the prestigious list. The 2018 rankings are based on percentage fiscal year revenue growth from 2014 to 2017, during which time BlackLine grew by 243 percent.

"Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement," said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. "These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth."

BlackLine attributes its success to a constant focus on customer satisfaction and increasing market demand for its leading cloud-based platform on a global basis from both large and midsize organizations looking to improve financial controls, accelerate the financial close and automate key Finance & Accounting processes.

"Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21^st century, including innovations in artificial intelligence, predictive analytics and robotics," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "This year's ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth."

To view the complete 2018 Deloitte list, go here.

About BlackLine
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. The company is recognized by Gartner as a Leader in its 2018 Magic Quadrant for Cloud Financial Close Solutions and as a pioneer in the cloud market for enhanced financial control and automation.

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.

Approximately 2,500 companies with users around the world trust BlackLine to help ensure balance sheet integrity and confidence in their financial statements. Based in Los Angeles, BlackLine also has regional headquarters in London, Singapore and Sydney. For more information, please visit www.blackline.com.

SOURCE BlackLine