BlackLine Systems Takes No. 15 Spot on 2012 List of 50 Fastest-Growing Women-Owned/Led Companies in North America, as Reported in The Wall St. Journal
Leading financial software provider also ranks No. 6 on San Fernando
Valley Business Journal's annual list of the 'Largest Women-Owned Businesses'
LOS ANGELES, May 2, 2012 /PRNewswire/ -- Los Angeles-based financial software provider BlackLine Systems took the No. 15 spot on the 2012 list of the '50 Fastest-Growing Women-Owned/Led Companies in North America,' as ranked by the Women Presidents' Organization and American Express OPEN (the small business division of American Express), and as reported in The Wall St. Journal.
All eligible companies were ranked according to a sales growth formula that combines percentage and absolute growth. From this list, the '50 Fastest' were selected. To be qualified for the ranking, businesses are required to be privately held, woman-owned/led companies in the U.S. or Canada and have reached revenue of at least $500,000 by the first week of 2007 and $2 million in 2011.
BlackLine also ranked No. 6 (up from No. 9 in 2011) on this year's San Fernando Valley Business Journal list of the 'Largest Women-Owned Businesses' in the region.
Under CEO and founder Therese Tucker's direction, BlackLine revenues were up by more than 50 percent in 2009, 2010 and 2011. The 2009 growth follows three sequential previous years where the company's revenues doubled.
Just last year, Tucker was acknowledged by the San Fernando Valley Business Journal as a "Woman of the Decade" for her continuous accomplishments in growing and building the software company over the past several years. Also 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.
Most recently, BlackLine was named to Software Magazine's prestigious annual list of the 500 largest software and service providers in the world.
A recognized leader and inspiration for young entrepreneurs and other women looking to excel in business, Tucker has recently been invited to speak to accounting and business students at both Harvard Business School and New York University.
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.
Director of Corporate Communications
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