Tuesday, July 31, 2012

BlackLine Reports Record Revenues, New Clients

Los Angeles-based BLackLine Systems, the developer of financial accounting software used for automating account reconciliation and financial close, reported this morning that it had record revenues in Q2, and a slate of well known clients. The company said it had 56 percent growth over the comparable quarter a year ago, with revenue up more than 50 percent for the first half of 2012. Actual financial results were not announced by the company. In addition, the firm said it has added such clients as Expedia, Groupon, ValueClick, Lafarge SA, Constellation Brands, and Tenneco Gmbh. BlackLine is headed by Therese Tucker.

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