BlackLine Systems Wins 2013 Business Excellence Award

Financial close software provider recognized as 'Fastest-growing Company Under 500 Employees'

LOS ANGELES - Feb. 14, 2013 - Financial close software leader BlackLine Systems was honored with another award highlighting the company's rapid growth amidst a down economy - winning a 2013 Business Excellence Award in the category of 'Fastest-growing Company under 500 Employees'.

The Business Excellence Awards, presented by leading global business coaching firm ActionCOACH, honor the "best of the best" business performance results from organizations from around the world and showcase exceptional results for business owners, entrepreneurs, their teams and companies.

BlackLine revenues were up by more than 50 percent year over year in 2010, 2011 and 2012 and are expected to grow by at least that pace in 2013. Over the past several years, many new Fortune 500 companies have signed on to implement the BlackLine Financial Close Software Suite in a Software-as-a Service (SaaS) environment across their global organizations.

BlackLine continues to add clients at an aggressive pace with a long list of household name organizations already on board including AT&T, Boeing, Northrop Grumman, Whirlpool and Zurich Insurance. The company has added a number of large internationally based organizations, as well, such as Eurostar International in the United Kingdom, Lafarge SA in France and Coles Supermarkets in Australia.

2013 Business Excellence Award winners were announced at the Business Excellence Awards ceremony at the Red Rock Resort and Casino in Las Vegas in January.

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. 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 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, New York City and Sydney to serve the company's growing global client base. For more information, please visit www.blackline.com.