Friday, September 13, 2013
BlackLine: On Track For $40M+ Revenues This Year
It looks things are definitely growing at financial software firm BlackLine Systems, as the firm clarified that it actually did just over $25M in revenues in 2012, and is on track to have $40M plus in revenues for 2013. A spokesperson for the firm--which just took a big majority investment from private equity firm Silver Lake Sumeru, worth over $200M--clarified the company's revenues today in an update to our earlier story. It's unusual for privately held companies to be so open about their revenues, but the company is hinting at IPO plans.