Thursday, September 12, 2013

BlackLine Discloses Revenues: $10M to $30M

Los Angeles-based BlackLine Systems, the fast growing developer of financial software for enterprises, looks to be generating between $10M to $30M, based on a recent ranking of the company by an indutsry magazine. BlackLine said it took the No. 4 spot for fastest growing companies in a ranking from Software Magazine, under the category of companies in the $10M to $30M revenue range. Privately held BlackLine hasn't publicly disclosed any revenue numbers. The company recently took a majority investment from Silver Lake Sumeru. BlackLine is headed by Therese Tucker. The company said it has increased its revenues by more than 50 percent annually for the past six years, with revenues up 55 percent in the first half of 2013.

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