BlackLine Systems

Calabasas

Business: Financial software developer

Founded: 2001

Two-Year Growth Rate: 395%

2008 Revenue: $5 million

Every month, companies need to reconcile their accounting ledgers. That’s where BlackLine can help, says Chief Executive Therese Tucker.

Secret to Success? BlackLine Systems was the first company to develop a commercially available balance sheet reconciliation software package. Many of these processes were formerly manual or spreadsheet based. BlackLine applications automate the entire financial close process to help improve financial controls for companies of all sizes.

Long-Term Strategy? BlackLine provides a great return on investment for its clients. The decision to buy the software becomes a no-brainer for companies that want to both save money and have a better financial close process. We will continue to grow by offering great software and great service at great prices. Also, this year we have opened new offices in France and Australia.

Growth Potential? Virtually every company closes its books each month. BlackLine has Fortune 10 clients, and it has clients with as little as three users and very small revenues. The top is difficult to estimate because the potential market is very large.

Los Angeles Forever? BlackLine will remain headquartered in Calabasas.