Aug. 24 /PRNewswire/ -- Demonstrating 1,452.5 percent growth over the last three years,BlackLine Systems has moved up nearly 200 spots to No. 113 on Inc. Magazine's newest list of the fastest-growing, U.S.-based private companies. BlackLine also took the No.10 position for "Women-Run Companies" in the prestigious annual ranking.
BlackLine achieved the No. 6 and No. 13 spots in the Financial Services industry sector and Los Angeles regional categories, respectively. To see the complete listing for BlackLine, please visit:http://www.inc.com/inc5000/2009/company-profile.html?id=200901130.
BlackLine's revenues have doubled in each of the past two years. The company also has expanded internationally, opening offices in both Sydney and Paris earlier this year. BlackLine clients include a long list of global companies such as AT&T, General Mills, eBay and Northrop Grumman.
The Inc. 500/5000 companies are ranked according to percentage revenue growth from 2005 through 2008. For more information, go to: http://www.inc.com/articles/2009/08/introduction.html. To learn more about the selection criteria and methodology, go to: http://www.inc.com/articles/2009/08/methodology.html. The Inc. 500 magazine issue highlighting the top 500 companies on the list is currently on news stands.
Founded in 2001, BlackLine Systems was the first to develop and market a commercially available Balance Sheet Account Reconciliation solution. The software provides a flexible, scalable, and easy-to-use solution that can be quickly implemented and is used by a number of Fortune 100 and Fortune 1000 companies. 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's low-risk offering seeks to reduce the burden that the financial close places on accounting and finance professionals.