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CALABASAS, Calif., March 5 /PRNewswire/ -- BlackLine Systems, a leadingprovider of software applications that automate the entire financial closeprocess for accounting departments, today announced record sales and newcustomers in 2007. (Logo: http://www.newscom.com/cgi-bin/prnh/20061117/LAF027LOGO) Sales grew more than 350 percent on a year-over-year basis for thefourth quarter of 2007, with many more large multi-national organizationsnow using BlackLine's enterprise-level software to optimize their financialclose activities and many small to medium-sized companies subscribing tothe company's OnDemand solution. BlackLine's suite of financial closeoptimization solutions are reducing the time it takes to close the booksand report, as well as ensuring management's capability to better controlthese key activities. Customers include AT&T, Cox Communications, Northrop Grumman and PepsiBottling Group. "Word is spreading and our user base is really taking off. Severalthousand people in accounting departments around the world now useBlackLine's Account Reconciliation module each month to ensure and controlthe integrity of the information presented in the financial statementsreported to stakeholders," said Therese Tucker, Chief Executive Officer,BlackLine. "BlackLine software is providing more and more CFOs with thecapability to exert a tighter 'band of control and communication' over thetools, applications and processes used to perform the financial closeprocess." About BlackLine Systems Founded in 2001, BlackLine Systems was the pioneer of Balance SheetAccount Reconciliation software applications. An experienced provider ofenterprise software to Fortune 1,000 companies, BlackLine providesquick-to-implement, scaleable and easy-to-use applications that, for thefirst time, automate the entire financial close process and help improvefinancial controls for companies of all sizes. BlackLine softwareapplications complement and are an integral component of existing BusinessPerformance Management (BPM), Governance Risk and Compliance (GRC) andEnterprise Resource Planning (ERP) systems. BlackLine offers customers a choice between enterprise or OnDemanddelivery. With a proven track record and a commitment to customer success,BlackLine seeks to reduce the effort the financial close places on the CFO.For more information, please visit http://www.blackline.com.
