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SOURCE BlackLine Systems
Enterprise-class financial software company founder Therese Tucker to share first-hand experience, advice following recent strategic investment from Silver Lake Sumeru
LOS ANGELES, Nov. 4, 2013 /PRNewswire/ -- BlackLine Systems CEO and Founder Therese Tucker has been invited to speak this week at the Third Annual CohnReznick Liquidity and Capital Raising National Forum. The third in a series of forums on the topic presented by CohnReznick LLP across the country, the half-day event will take place on Wednesday, Nov. 6, at the Peninsula Beverly Hills Hotel in Los Angeles and will feature M&A and capital markets experts and CEOs who will share their insights and advice on raising funds in today's economy.
Tucker will participate on a panel entitled "Getting it Done Right" where she will draw on her experience building BlackLine Systems from the ground up into the leading provider of enterprise-class financial close software solutions, and eventually to the point at which she accepted a strategic investment from Silver Lake Sumeru, the mid-market, technology-focused arm of leading global private equity firm Silver Lake.
Carol Massar, chief national correspondent for Bloomberg TV and co-host of "Bloomberg on the Economy" on Bloomberg Radio, will moderate the session. Other panelists include Scott Friedman of NYX Cosmetics and David Lewis of 8020 Consulting.
Under the direction of Tucker, BlackLine revenues have increased more than 50 percent annually for the past six years and are on track to grow by at least that pace in 2013. The company has seen substantial revenue increases since moving to a SaaS (Software-as-a-Service) business model in 2008. The recent equity investment from Silver Lake Sumeru is intended to support the company's next phase of rapid growth.
Accounting/Finance managers and Compliance executives around the world use the BlackLine Financial Close Suite to automate traditionally manual, labor-intensive and spreadsheet-driven account reconciliation and financial close processes. BlackLine continues to add clients at an aggressive pace with a long list of global companies already on board including Aflac, AT&T, Boeing, eBay, Eurostar International, Lafarge SA and Northrop Grumman.
Tucker's passion, persistence and effort have paid off with BlackLine ranking No. 15 on the 2012 list of the '50 Fastest' Women-Owned/Led Companies in North America, as reported in The Wall St. Journal. Tucker also was honored earlier this year with a '2013 Enterprising Women of the Year Award' from Enterprising Women magazine.
In addition, BlackLine recently made the Software 500 list of the "largest and best performing software and service providers in the world" for the third year in a row and also has made the prestigious Inc. 500/5000 for the past six years, joining the ranks of such companies as Jamba Juice, Microsoft and Patagonia.
About BlackLine Systems
BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution. An experienced provider of software to companies from the Fortune 100 to beyond the Fortune 1,000, BlackLine provides quick-to-implement, scalable and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes. With more than 75,000 users in over 100 countries, BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC) and Enterprise Resource Planning (ERP) systems.
BlackLine offers clients its enterprise-class financial software in a simple and secure OnDemand/SaaS platform. With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals.
BlackLine headquarters are in Los Angeles, with offices in Atlanta, Chicago, London, Melbourne, New York City and Sydney to serve the company's growing global client base. For more information, please visit www.blackline.com.
Director of Corporate Communications
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