Demonstrating 262 percent growth over the last three years, enterprise-class financial software provider BlackLine Systems has been recognized by Inc. Magazine for the sixth year in a row as one of the fastest-growing private companies in America. According to Inc., this achievement puts BlackLine among the ranks of an “elite group” of companies that have made the Inc. 5000 Honor Roll that has, over time, included such names as Intuit, Jamba Juice, Microsoft, Patagonia, Timberland, Under Armour, Vizio and Zappos.com.
The 2013 Inc. 500/5000 companies are ranked according to percentage revenue growth comparing 2009 to 2012. BlackLine achieved the No. 117 spot nationally in the Software industry sector.
BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including AT&T, Boeing, Eurostar, Lafarge SA, Kimberly-Clark and Northrop Grumman, supporting the growing demand in North America, as well as in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions, for the company’s account reconciliation and financial close software.
Under CEO and Founder Therese Tucker’s direction, BlackLine revenues have increased more than 50 percent annually for the past six years and are on track to grow by at least that pace in 2013, with revenues up more than 55 percent in the first half of 2013 compared to the same period last year. The company has seen substantial revenue increases since moving to a Software-as-a-Service (SaaS) business model in 2008.
Some of the new BlackLine clients that have come on board in 2013 include:
Tucker’s passion, persistence and effort have paid off with BlackLine ranking No. 15 on the 2012 list of the ‘50 Fastest’ Women-Owned/Led Companies in North America, as reported in The Wall St. Journal. In 2011, BlackLine was named a Red Herring 100 Global Winner – recognizing the company as one of the ‘most innovative and promising’ tech ventures in the world. BlackLine also has been named to Software Magazine’s prestigious annual list of the 500 largest software and service providers in the world the past two years.