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BlackLine Named One of the ‘Hottest Companies in Southern California’ by Lead411 Research Firm

CALABASAS, Calif. Feb. 10, 2011 / — Lead411 BlackLine Systems Southern California the United States

Red Herring

BlackLine revenues grew by more than 50 percent in both 2009 and 2010.  The 2009 growth follows three sequential years where the company doubled its revenues.  Lead411’s rankings were based on BlackLine’s 2-year revenue growth of more than 200 percent from 2007 to 2009.

In 2010, BlackLine added a number of large companies to its client list including H.J. Heinz Co., Diamond Resorts International, StarKist and U.S. Foodservice.

About BlackLine

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.

SOURCE BlackLine Systems

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