Bluefin Announces $25 Million in Growth Financing Led by Macquarie Capital Principal Finance

Bluefin, the leading provider of payment and data security technologies, including PCI-validated point-to-point encryption (P2PE) and ShieldConex data tokenization, announced $25 million in growth financing led by Macquarie Capital Principal Finance (Macquarie), a division of Macquarie Group Limited (ASX: MQG; ADR: MQBKY).

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Retrieved on: 
Tuesday, October 27, 2020
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Technology, Mobile, Wireless, Security, Banking, Other Technology, Professional services, Software, Internet, Data management, Cryptography, Banks of Australia, Point to Point Encryption, Tokenization, Macquarie Group, Macquarie, Finance, Financial services, Service industries, Bluefin, Macquarie Capital Principal Finance
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United States, GEORGIA
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BLUEFIN, MACQUARIE CAPITAL PRINCIPAL FINANCE
Summary
Key Points: 
  • Bluefin, the leading provider of payment and data security technologies, including PCI-validated point-to-point encryption (P2PE) and ShieldConex data tokenization, announced $25 million in growth financing led by Macquarie Capital Principal Finance (Macquarie), a division of Macquarie Group Limited (ASX: MQG; ADR: MQBKY).
  • Bluefin has developed industry-leading data and payment protection technologies, which are crucial in the global climate of rising data breaches and cyberattacks against organizations of all sizes, said Anand Subramanian, Managing Director, Macquarie Capital Principal Finance.
  • Macquarie Capital Principal Finance, the principal investment business of Macquarie Capital, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia.
  • Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group.


Bluefin, the leading provider of payment and data security technologies, including PCI-validated point-to-point encryption (P2PE) and ShieldConex® data tokenization, announced $25 million in growth financing led by Macquarie Capital Principal Finance (“Macquarie”), a division of Macquarie Group Limited (ASX: MQG; ADR: MQBKY).

Macquarie Group is a global financial services group operating in 31 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, investment banking and principal investment.

“Bluefin has developed industry-leading data and payment protection technologies, which are crucial in the global climate of rising data breaches and cyberattacks against organizations of all sizes,” said Anand Subramanian, Managing Director, Macquarie Capital Principal Finance. “We are very pleased to partner with this innovative company to expand their cybersecurity product suite and fuel continued growth in the US and internationally.”

Bluefin specializes in omni-channel encryption and tokenization solutions to secure Personally Identifiable Information (PII), Protected Health Information (PHI) and financial / card data upon entry, in transit, and in storage. The company has over 130 connected partners offering their payment and data security solutions in 32 countries.

“The average global cost of a data breach in 2019 was $3.86 million, with that number quickly rising to $8.64 million for US companies,” said John M. Perry, CEO, Bluefin. “Bluefin is dedicated to remaining at the forefront of technology and solution development in the fight against breaches and cyberattacks. Our partnership with Macquarie will enable Bluefin to not only introduce more solutions to protect Ecommerce, online and point-of-sale transactions, but also to make these solutions available globally through our extensive partner network and Bluefin’s products. We look forward to leveraging Macquarie’s deep financial and global expertise in this next phase of company growth.”

Macquarie joins current investors Napier Park Global Capital (“Napier Park”) and Camden Partners.

About Bluefin

Bluefin specializes in payment and data security technologies that protect point-of-sale (POS) and online transactions. Our security suite includes PCI-validated point-to-point encryption (P2PE) for contactless face-to-face, call center, mobile and unattended payments, and our ShieldConex® data security platform for the protection of personally Identifiable Information (PII), Personal Health Information (PHI), and payment data entered online. The company’s partner network currently includes over 130 processors, payment gateways and ISV’s operating in 32 countries, which provide Bluefin’s P2PE solutions direct to merchants, enterprises, healthcare organizations and more. Bluefin is a Participating Organization (PO) of the PCI Security Standards Council (SSC) and is headquartered in Atlanta, with offices in Waterford, Ireland. For more information, please visit https://www.bluefin.com/.

About Macquarie Capital Principal Finance

Macquarie Capital Principal Finance, the principal investment business of Macquarie Capital, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia. The business has executed more than $36 billion of debt financing and equity investments over more than 620 deals globally since 2009. Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. For more information, please visit www.macquarie.com/us/corporate/financing/principal-finance.

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