Thursday, July 31, 2014

BlackLine Reports 60 Percent Rise In Revenues

Los Angeles-based financial software developer BlackLine Systems, which develops financial close automation software, reported yesterday that its revenues were up nearly 60 percent in the second quarter of 2014, compared to the prior year. The company--whose software is used by companies to speed up preparation of their quarterly reports--did not report any actual revenue numbers. BlackLine said it signed up such new clients as the Boston Globe, JetBlue, Keurig Green Mountain, Thales Australia, and many others. BlackLine says it now has more than 880 clients around the world. The company is led by Therese Tucker.

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