BlackLine Ranks As A Top SaaS Provider In Software Magazine's 2018 Listing Of World's Largest Software Companies

Cloud financial automation solutions provider makes prestigious 'Software 500' for 8th year in a row

News provided by

Jan 03, 2019, 09:00 ET

LOS ANGELES, Jan. 3, 2019 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) has been recognized by Software Magazine in the 2018 Software 500 with the leading financial automation software provider ranking seventh largest amongst those listing SaaS (Software-as-a-Service) as their primary business sector, a testament to the growing demand in the marketplace for the company's cloud platform for financial controls and automation. The 2018 listing marks the eighth year in a row BlackLine has made the prestigious ranking of the largest software and services providers in the world.

The Software 500 is an annual revenue-based ranking of software and services suppliers targeting medium-size to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The 2018 Software 500, released in the November issue, is based on reported total worldwide software and services revenue for 2017 compared to 2016.

As reported in the article, "The companies represented in today's Software 500 fuel the changes towards the next industrial revolution. From cloud adoption to machine learning, the IoT, and blockchain technology, there are a lot of trends to watch within the software industry."

Financial information for the Software 500 is gathered by a survey prepared by Rockport Custom Publishing, LLC and other publicly available information. The survey is open to public and private companies, but researchers cannot include private companies that do not submit their data or release an annual report.

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