ATLANTA, GA—Point of sale payment and data security technology provider Bluefin will be receiving USD 25 million in growth financing, in a round led by Macquarie Capital Principal Finance. Macquarie joins current investors Napier Park Global Capital and Camden Partners.
The financing will fuel Bluefin’s product development, continued growth in the U.S. and internationally, and opportunistic acquisitions. The company has over 130 connected partners offering their payment and data security solutions in 32 countries.
“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.”
“The average global cost of a data breach in 2019 was $3.86 million, with that number rising to $8.64 million for U.S. 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.”