Bluesun, Inc.
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Bluesun, Inc. - overview
Established
2001
Location
Burlington, ON, Canada
Primary Industry
Software
About
Bluesun, Inc. provides innovative digital solutions for the life insurance, annuities, wealth management, and pensions sectors. Their services enhance operational efficiency through automated workflows and streamlined processes. Founded in 2001, Bluesun, Inc.
is located in Burlington, Canada. The company specializes in delivering digital solutions tailored for financial services. In March 2019, Bluesun, Inc. was acquired by Internet Pipeline, Inc.
, a company backed by Thoma Bravo. The current CEO is Jeffrey Howell. Bluesun, Inc. offers a comprehensive suite of integrated digital solutions, including a cloud-based platform that facilitates quotes, e-applications, new business processes, and e-signature functionalities.
Their products serve over 100 insurance carriers and 2,500 distribution partners, catering to around 500,000 global agents and advisors, particularly in North America and the UK. The revenue model for Bluesun, Inc. is based on B2B transactions with insurance carriers and financial institutions, utilizing subscription models and service agreements. Income is generated through partnerships that enhance clients' operational efficiencies, with pricing structured around subscription fees for their software and services, including the e-signature solution AlphaTrust® and data analytics service InsureSight®.
Bluesun, Inc. aims to develop new products designed for the evolving needs of the financial services industry, with plans to roll out updates in coming quarters. The company is targeting expansion into new geographic markets, particularly in Europe and Asia, by 2025. Following the acquisition in March 2019, the financial resources from this deal are expected to support the development and market entry of their upcoming solutions.
Current Investors
Internet Pipeline, Inc.
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Customer Relationship Management, Systems Management Software
Website
http://www.bluesun.ca
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Bluesun, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Bluesun, Inc. | - |
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