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Mayor Villaraigosa Welcomes BlackLine Systems to the City of Los Angeles

CALABASAS, Calif. Feb. 15, 2011 / Antonio Villaraigosa BlackLine Systems City of Los Angeles Calabasas, Calif. Woodland Hills

http://photos.prnewswire.com/prnh/20061117/LAF027LOGO

As part of its relocation, BlackLine will receive the benefits of the ‘State Enterprise Zone Program’ and the ‘Business Tax Holiday’ which entitles the company to a rate discount from the Los Angeles Department of Water and Power, hiring tax credits and a 3-year exemption from the gross receipts tax, respectively.

Los Angeles

Los Angeles Area

Los Angeles

Los Angeles

Mario Spanicciati

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 Southern California the United States

Red Herring

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.

www.blackline.com

SOURCE BlackLine Systems

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