Since its inclusion in the first-ever Cloud
100 in 2016, BlackLine has gone public and continues to help
companies around the world embrace modern accounting
LOS
ANGELES, Aug. 9, 2022 /PRNewswire/
-- BlackLine, Inc. (NASDAQ: BL) CEO Marc Huffman was invited to serve as a judge for
the prestigious 2022 Forbes Cloud 100 list, divulged online
today.
Now in its seventh year, the annual Cloud 100 is the
"definitive ranking of the top 100 private cloud companies in the
world", published by Forbes in partnership
with Bessemer Venture Partners and Salesforce Ventures.
BlackLine was honored in 2016 with inclusion in the inaugural
Forbes Cloud 100. Less than two months later, the accounting
automation software leader made its debut on the Nasdaq.
The Cloud 100 evaluation process involved ranking companies
across four factors: market leadership (35%), estimated valuation
(30%), operating metrics (20%) and people & culture (15%). For
market leadership, the Cloud 100 enlists the help of a judging
panel comprised of public cloud company CEOs who assist in
evaluating and ranking their private company peers. Mr. Huffman
joined a distinguished 2022 Cloud 100 judging panel including the
CEOs of market leaders Hubspot, Twilio and Zoom.
"The Cloud 100 list has established itself with an impressive
track record of cementing the reputations of market-leading cloud
companies that have continued to excel and achieve notable success,
including several, such as BlackLine, which have gone on to go
public," said Mary D'Onofrio, partner at Bessemer Venture Partners.
"The Cloud 100 judges' qualifications precede them. We're honored
that the leading public cloud company CEOs have once again lent
their expertise in identifying the next wave of cloud leaders."
A seasoned SaaS (software-as-a-service) executive with more than
25 years of experience driving growth at successful software
companies, Huffman joined BlackLine in early 2018 as chief
operating officer. He was named president in February 2020 and CEO as of Jan. 1st, 2021. Prior to BlackLine,
Huffman served as president of worldwide sales and distribution at
NetSuite. During his 14-year tenure, NetSuite grew from
$3 million to $1 billion in annual revenue and became
recognized as a global SaaS powerhouse.
Under Huffman's direction, BlackLine was recently recognized by
The Software Report as a Top-50 software company
worldwide (alongside such powerhouses as Adobe, Dropbox,
Microsoft, Slack, Twilio and Zscaler), on track to further
penetrate the $28+ billion opportunity in the financial close,
accounts receivable and intercompany accounting markets.
The Forbes 2022 Cloud 100 list can be viewed online at
www.forbes.com/cloud100. Winners will be celebrated at an in-person
gala in San Francisco in
October.
About BlackLine
Companies come to BlackLine (NASDAQ: BL) because their
traditional manual accounting processes are not sustainable.
BlackLine's cloud-based financial operations management platform
and market-leading customer service help companies move to modern
accounting by unifying their data and processes, automating
repetitive work, and driving accountability through visibility.
BlackLine provides solutions to manage and automate financial
close, accounts receivable and intercompany accounting processes,
helping large enterprises and midsize companies across all
industries do accounting work better, faster and with more
control.
More than 4,000 customers trust BlackLine to help them close
faster with complete and accurate results. The company is the
pioneer of the cloud financial close market and recognized as the
leader by customers at leading end-user review sites including
Gartner Peer Insights, G2 and TrustRadius. BlackLine is a global
company with operations in major business centers around the world
including Los Angeles,
New York, the San Francisco Bay
area, London, Paris, Frankfurt, Tokyo, Singapore and Sydney. For more information, please visit
blackline.com.
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SOURCE BlackLine