BlackLine Named to Montclare SaaS 250 Ranking of Most Influential SaaS Companies in the World; Takes No. 7 Spot Among Financial Application Providers

Leading SaaS research and advisory firm recognizes finance controls and automation software company as one of world's leading enterprise cloud technology providers

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BlackLine

Dec 15, 2014, 08:30 ET

LOS ANGELES, Dec. 15, 2014 /PRNewswire/ -- Achieving more than 50 percent year-over-year revenue growth since its inception, enterprise financial software company BlackLine has been recognized by Montclare as one of the "most influential and successful SaaS (Software-as-a-Service) companies in the world" – ranking No. 77 on the 2014 Montclare SaaS 250. BlackLine also took the No. 7 spot in the Financials category. In making the SaaS 250, BlackLine joins many global brand name SaaS providers including Concur, Google, LinkedIn, NetSuite, Salesforce.com and Workday.

Accounting/finance managers and compliance executives around the world use the cloud-based BlackLine Finance Controls and Automation Platform to automate traditionally manual, labor-intensive and spreadsheet-driven accounting and finance processes. Some of the new BlackLine clients that have come on board in 2014 include Applied Materials, British Gas, Bureau Veritas, Elsevier, Hormel Foods, Hubbell, JetBlue, KFC GB (Great Britain), La-Z-Boy, Thales Australia, T-Mobile and Web.com.

"We are pleased to have included BlackLine on the Montclare SaaS 250," said Kevin Dobbs, CEO at Montclare. "BlackLine's growth in its SaaS business over the past few years has been truly impressive."

Under CEO and Founder Therese Tucker's direction, BlackLine revenues have increased more than 50 percent annually on a consistent basis and are on track to grow by at least that pace in 2014. The company has seen substantial revenue increases since moving to a SaaS business model in 2008.

The Montclare SaaS 250 provides insights on the SaaS industry, as well as analysis on the most significant global SaaS companies. The research report is an invaluable resource for software executives, investors and analysts to understand the behaviors of successful SaaS companies and the landscape in which they coexist. From start-ups to notable public firms, Montclare's research highlights trends, fundings, acquisitions and other relevant insights critical to those interested in studying this dynamic market which, according to IDC, is growing at approximately five times the rate of the software market as a whole.

The list of 250 companies is publicly available at http://montclare.com/saas-250.

About BlackLine
BlackLine is the leader in Enhanced Finance Controls and Automation software and the only provider today offering a completely integrated cloud platform—built from a single code base—that supports the entire close-to-disclose process, as well as a host of other key accounting and financial processes. BlackLine's Finance Controls and Automation Platform increases business efficiency and visibility, while ensuring the highest degree of balance sheet integrity.

Delivered through a scalable and highly secure cloud model, BlackLine empowers more than 900 global companies to reduce the time and resources required to execute month-end closing with unparalleled accuracy, fueling confidence throughout the entire accounting cycle. With more than 100,000 users in over 100 countries, BlackLine complements existing Corporate Performance Management (CPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.

Although BlackLine is 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, Oracle Gold Partner and participates in the partner programs of NetSuite and several other ERP providers.

Company headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney. For more information, please visit www.blackline.com.

Media Contact:
Kimberly Uberti
Director of Corporate Communications
BlackLine
[email protected]

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SOURCE BlackLine