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BlackLine Systems Makes Prestigious Inc. 500/5000 List for 4th Year in a Row
Aug 23, 2011 (06:08 PM EDT)
Financial software provider honored as one of America's fastest-growing private companies with 3-year sales growth of 352%
LOS ANGELES, Aug. 23, 2011 /PRNewswire/ -- Demonstrating 352 percent growth over the last three years, financial software provider BlackLine Systems has been recognized by Inc. Magazine for the fourth year in a row as one of the fastest-growing private companies in America.
BlackLine revenues were up by more than 50 percent in both 2009 and 2010. The company also is already recording strong growth in 2011, with its sales team closing nearly as many new deals in the first six months of 2011 alone as in the entire calendar year 2010. The 2009 growth follows three sequential previous years where the company's revenues doubled.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Costco, eBay and Northrop Grumman.
The 2011 Inc. 500/5000 companies are ranked according to percentage revenue growth from 2007 through 2010. Complete results, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at http://www.inc.com/inc5000/.
Along with an overall ranking of No. 876, BlackLine achieved the No. 80 spot in the Software industry sector and No. 63 in the Los Angeles regional category. To view the complete BlackLine profile, please visit http://www.inc.com/inc5000/profile/blackline-systems.
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 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