Thursday, January 29, 2015

BlackLine Sees 50 Percent Rise In Revenues

Los Angeles-based financial automation software develper BlackLine continues to see its revenues grow, saying Thursday that its 2014, year-over-year revenues were up more than 50 percent. The company did not disclose its financials for the year. Blackline has been trumpeting its revenue growth and customers for the last few years, most recently announcing it has more than 1,000 clients using its product. The company's new clients include JetBlue, T-Mobile, British Gas, Elsevier, and many, many others. BlackLine last disclosed that its revenues were headed north of $40M a year back in Q4 of 2013. The company is one of a number of local companies who are rumored to be contemplating an IPO soon. The company receive more than $200M in private equity funding from Silver Lake Partners a few years ago. BlackLine said shortly after that equity injection that it hoped to hit the public markets within 18-20 months.

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