BlackLine Expands Global Reach, Opens Offices in 5 New Cities Worldwide
LOS ANGELES, Aug. 22, 2012 /PRNewswire/ — Continuing its strong international growth, financial software provider BlackLine Systems has opened offices in five new cities – Atlanta, Chicago, London, New York City, Portland, Ore. – complementing the company’s existing operations in Sydney and headquarters in Los Angeles. BlackLine plans to open additional offices in Europe by the end of the year.
The company has added a large number of internationally based organizations recently, as well, such as Lafarge SA in France, Tenneco Gmbh in Germany, Fujitsu A/S in Denmark and Veolia Transport NSW in Australia, supporting the growing demand in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions for the company’s account reconciliation and financial close software. The new clients join an already impressive list of global brand names such as AT&T, Boeing, United Airlines, Westinghouse and Whirlpool.
The world’s leading accounting advisory and professional services firms, including Deloitte, Ernst & Young, KPMG, PwC, Resources Global Professionals and UHY Advisors, continue to add ‘BlackLine Certified Implementation Professionals,’ strengthening their global capability in implementing the BlackLine Financial Close Software Suite.
“The tremendous reception we’ve had for our software from companies all over the world confirms the value that our solution provides and our ability to help global companies optimize their financial close,” Therese Tucker, CEO and founder, BlackLine Systems, said. “To meet the demand and best serve our clients in new markets, we embarked aggressively on an international strategy in the last two years. Opening offices in additional cities was the next logical step in our growth plan.”
Under Tucker’s direction, BlackLine revenues were up by 50 percent in 2010 and 2011 and are on track to grow by at least that pace in 2012. The company has seen substantial revenue increases since moving to a Software-as-a-Service (SaaS) business model in 2008.
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.
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
SOURCE BlackLine Systems