BlackLine Systems: Revenues Up 50 Percent This Year

Los Angeles-based accounting software developer BlackLine Systems reported this morning that its revenues are up more than 50 percent again this year, which it says is the seventh year in a row for the company. Actual revenues were not announced by the company, however, Blackline had said earlier this year that it was on track to over $40M in revenues this year. BlackLine said it added such customers as Citrix Systems, DirecTV, Hanesbrands, LinkedIn and McGraw-Hill Financial, among others, bringing its total number of clients to over 700. The announcements comes only a few months after a big private equity investment for the company.