BlackLine Systems Makes LABJ, SFVBJ Top 100 Fastest-Growing Private Companies Lists for 3rd Year in a Row
Revenues up 50% with continued emphasis on SaaS deployments across global organizations
LOS ANGELES, Nov. 21, 2011 /PRNewswire/ -- Financial software provider BlackLine Systems has made the Los Angeles Business Journal's (LABJ) and San Fernando Valley Business Journal's (SFVBJ) annual rankings of the Top 100 Fastest-Growing Private Companies in the region – for the third year in a row.
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BlackLine achieved the No. 27 and No. 13 spots respectively, with revenues up by more than 50 percent in both 2009 and 2010. The complete listings are available in the current issues of the LABJ and SFVBJ, due out today.
During the past several years, many new Fortune 500 companies have signed on to implement the BlackLine Financial Close Software Suite in a Software-as-a Service (SaaS) environment across their global organizations. BlackLine's 2009 growth follows two sequential previous years where the company's revenues doubled. The company also has tripled its headcount in the past two years, adding jobs in the local community.
The LABJ and SFVBJ achievements fall on the heels of BlackLine ranking No. 111 on Deloitte's prestigious Tech Fast 500™ list of the fastest-growing technology companies in North America. Just last month, BlackLine also was named, for the first time, to Software Magazine's annual list of the 500 largest software companies in the world.
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 a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine strives 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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