BlackLine Systems, a Calabasas, Calif., provider of enterprise software that develops and markets financial applications for global businesses, earned the No. 113 spot on Inc. magazine’s newest list of the fastest-growing, U.S.-based private companies.

The company, which provides software that automates and controls the entire financial close process, demonstrated 1,452% growth over the past three years. The ranking represents a jump of 200 spots, reports the company, which also took the No.10 position for “Women-Run Companies” in the prestigious annual ranking.

Blackline says it was the first to develop and market a commercially available Balance Sheet Account Reconciliation solution.

The Inc. 500/5000 companies are ranked according to percentage revenue growth from 2005 through 2008, and 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.

BlackLine says its software applications complement existing enterprise performance management (EPM), governance risk and compliance (GRC) and enterprise resource planning (ERP) systems.


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