Financial services group Macquarie Capital Principal Finance delivered $25 million in growth financing to Bluefin, payment and data security technology company.
“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,” Anand Subramanian, managing director at Macquarie Capital Principal Finance, said. “We are very pleased to partner with this innovative company to expand their cybersecurity product suite and fuel continued growth in the U.S. and internationally.”
Bluefin focuses on omnichannel encryption and tokenization solutions to secure personally identifiable information, protecting health information and card data upon entry, in transit and in storage.
“The average global cost of a data breach in 2019 was $3.86 million, with that number quickly rising to $8.64 million for U.S. companies,” John M. Perry, CEO at Bluefin, said. “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 e-commerce, 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 joined current Bluefin investors Napier Park Global Capital and Camden Partners.
