BlackLine Makes Red Herring 100 Global List of the Top Private Tech Companies in the World

CALABASAS, Calif., Jan. 27, 2011 /PRNewswire/ -- Global media company and leading technology industry news source Red Herring has honored financial software provider BlackLine Systems as a winner of its prestigious Red Herring 100 Global award – an annual ranking of the 100 most 'innovative and promising' private technology companies in the world. The Global Award ranking follows BlackLine's mid-year recognition as a Red Herring 100 North America Winner.

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Red Herring's Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay would change the way we live and work.

The Red Herring editorial team selected the Global 100 Winners from a pool of more than 1,200 leading companies spanning the globe. The nominees were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries.

Red Herring then also looked at the actual track record and standing of each company to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the global technology community.

Under CEO Therese Tucker's direction, BlackLine has been on a steady growth path, recently recording two sequential years where the company doubled its revenues. 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.

About BlackLine

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

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