BlackLine - Female Entrepreneur of the Year
Company: BlackLine, Woodland Hills, CA
Company Description: 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.
Nomination Category: Individual Awards Categories
Nomination Sub Category: Female Entrepreneur of the Year – Business Services –11 to 2,500 Employees
Nomination Title: Therese Tucker, Entrepreneur, Founder & CEO
Describe for the judges the activities and accomplishments of the nominated entrepreneur since the beginning of July last year (up to 525 words):
The past twelve months have been a tremendous time for BlackLine and Therese Tucker, the company’s founder and CEO. On October 28, BlackLine became the first company in Los Angeles funded by venture capital to go public with a female CEO.
Therese founded and bootstrapped BlackLine in 2001 after retiring from a career where she had advanced to the position of CTO of a major financial services software company. BlackLine was the first cloud-based software focused on back-office automation for Finance & Accounting. The idea was simple –software that automates many of the rote, manual processes that accountants and other finance professionals have to complete in order to achieve a fast, efficient and accurate financial close. Yet the idea was revolutionary in that it provided what every business needs – accurate data and efficient processes, all while reducing costs.
By developing software to automate traditionally manual financial close processes, Therese has helped improve the lives of accountants around the world. BlackLine clients, who include Boeing, Costco, eBay, Eurostar, Northrop Grumman and Qantas Airways, rave about how the software has “given them their lives back,” allowing them to spend more time at home with their families, and to focus on more important strategic issues at work.
BlackLine’s non-GAAP net revenues grew 48 percent to $124 million for fiscal year 2016. The company’s growth was underscored by being listed on the prestigious Inc. 5000 for the ninth year in a row (a feat accomplished by only a handful of companies), the Deloitte Technology Fast 500 and the Software 500 for the seventh year in a row, the #7 spot on the Women President’s Organization 2016 list of the fastest-growing women-owned businesses in the U.S, and the #34 spot on the Forbes Cloud 100 list of the top 100 private cloud companies in the world.
BlackLine added 420 new customers during the past twelve months for a total of more than 1,800 customers worldwide, a 31 percent increase over the prior year. And the number of users of the company’s platform grew by 30% to nearly 167,000 finance and accounting professionals worldwide.
Not only has Therese impacted her client’s lives, she has also built a very special culture at BlackLine, a culture based on loyalty – the company’s loyalty to its employees, as well as employees’ loyalty to the company. It’s a culture that values family and employees’ time away from work. Therese and BlackLine’s commitment to its employees was validated in 2017 by BlackLine being listed by Fortune Magazine as one of the country’s ‘Best Workplaces in Technology’ (#15 in the medium-size category) and ‘Best Workplaces’ (#65 overall in the U.S.)
BlackLine now has over 600 employees on staff located in offices in Atlanta, Chicago, London, Los Angeles, Melbourne, New York City, Paris, Singapore, Vancouver and Sydney, with additional global offices planned for later this year. BlackLine has more than 1,800 clients in over 100 countries, including at least 25 clients in the Fortune 100 and 100 of the Fortune 500.
Therese has proven that, in a world populated by huge corporations that only focus on money and profits, you can
Provide a brief biography of the nominated entrepreneur (up to 125 words):
Therese founded BlackLine in 2001. She designed the first offerings of BlackLine’s products, engineered its transition to the cloud in 2007, and has led the organization in automating the financial close process via the company’s flagship Finance Controls and Automation Platform. Under her direction, BlackLine has experienced strong growth since its inception.
Previously, Therese served as Chief Technology Officer for SunGard Treasury Systems. She holds a Bachelor of Science degree in Computer Science and Mathematics from the University of Illinois.