New Name, Same Great Technology and Service

The "new" Alogent is a company forged from the merger of two equal but complementary financial technology companies—Bluepoint Solutions and Alogent. We have selected Alogent as our operating name for the future, to represent our expanded mission to serve all the banks and credit unions worldwide.

Bluepoint’s and Alogent's commitment to all credit unions and banking customers, as well as our strategic partners, is stronger than ever. And the infusion of new resources will bring added benefits in the form of increased support and innovation for all our current products and services.

Battery Ventures Acquires Bluepoint Solutions, Merges Company with Alogent

–Merger Creates a Leading Financial Technology Platform, Serving Tier-1 Banks, Community Banks and Credit Unions–

BOSTON, MA--(Marketwired – August 1, 2016) – Battery Ventures, a global investment firm, has reached an agreement to acquire Bluepoint Solutions, a privately-owned, financial technology company based in Henderson, NV. Bluepoint Solutions will merge with Alogent, another financial technology company acquired by Battery Ventures in June. Together, the companies will create a dynamic check-image capture and document-management company focused across all segments of the banking industry. The combined companies will be headed by current Alogent CEO Dede Wakefield. Terms of the transaction were not disclosed.

“Bluepoint and Alogent have unique and complementary strengths serving the financial services industry, from Tier-1 banks to community banks and credit unions,” said Dede Wakefield, CEO. “The combination of Alogent and Bluepoint will infuse both businesses with additional resources to accelerate growth and broaden our product and service offerings.”

Bluepoint’s financial-software technology allows clients at over 1,400 credit unions and regional banks to deposit checks on-the-go, make payments online or from mobile devices, and access and sign documents electronically, away from a bank branch. Alogent’s software solutions provide global, Tier-1 banks the ability to electronically capture, process and analyze check data and images, including those captured on mobile devices. The merger of the two companies will allow them to share operational and technical knowledge, as well as extend their reach and expand their product offerings for the financial services community.

“This is great news for our customers and employees, as we now have a partner to help us pursue our growth potential,” said Hal Tilbury, founder and former CEO of Bluepoint, who will serve as vice chairman for the combined company. “I look forward to working with management to evolve the business and meet the long-term objectives for the newly combined companies.”

“After closing our Alogent acquisition in June, it is exciting to make such quick progress in expanding our product portfolio with Bluepoint Solutions,” said Russell Fleischer, a Battery Ventures general partner. "As we enhance the platform, we will continue to invest in Alogent’s and Bluepoint’s technology, as well as seek out additional complementary companies with strong technologies.”

Battery is a longtime investor in financial technology. Active investments in companies that provide software solutions for the financial industry include: Alogent, Cortera, Earnest, IDI Direct Insurance, Istra Research, Panjiva, Precidian Investments, PrimeRevenue, Q2eBanking and TechProcess.*

The combined companies will be headquartered in Norcross, GA, while Bluepoint will maintain the company’s offices in Henderson, NV and Carlsbad, CA.

About Battery
Battery invests in cutting-edge, category-defining businesses in markets including software, infrastructure, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, Silicon Valley and Israel. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.

Bluepoint Solutions and Alogent Launch New Company Identity

–Product lines, clients, partners, sales & customer support are unchanged–

Norcross, Ga. – November 15, 2016 – Bluepoint Solutions and Alogent Corporation, a combined company created when they merged earlier this year, announced that it will be operating under the name Alogent going forward. The global headquarters for the company will be in Norcross, GA, with additional offices in Henderson, NV and Carlsbad, CA.

“We are excited to mark this milestone in our history because the infusion of resources is already energizing our product development efforts,” said Alogent Vice-Chairman and former Bluepoint CEO Hal Tilbury. “This is not an acquisition of Bluepoint by the former Alogent, but a merger between two equally strong, complementary financial technology businesses, for the benefit of all our customers.”

Bluepoint Solutions now serves over 1,400 credit unions and community banks nationwide with its line of payment processing, enterprise content management and omni-channel account opening solutions. Alogent is a leader in deposit automation and payment processing solutions used by top tier and international banks.

All products and services currently offered are continuing to be fully supported, and all customer representatives remain in place. In addition, the company plans significant further investments in innovation, product development and growth. The rebranding will take place gradually into 2017.

“The new Alogent will be able to serve a full range of financial institutions with an expanded range of solutions,” said Bluepoint Solutions and Alogent CEO Dede Wakefield. “We are thrilled about our joined ability to respond to our existing customers and reach new markets as well. Together, we have an enviable track record of stability, expertise, constant innovation and industry leadership.”

 

Frequently Asked Questions

Although the Alogent name will be used going forward, Bluepoint Solutions is an equal partner in the merger with the former Alogent. These FAQs explain the selection of the name, the timetable for the transition, and the commitment to Bluepoint’s current credit union and bank customers, technology partners, and the future of all existing solutions.

 
 

What is the most recent change announced by Bluepoint Solutions and Alogent Corporation since their merger announcement in the third quarter of 2016?

Bluepoint Solutions and Alogent Corporation have adopted the Alogent name for their combined operations going forward. The Alogent name has been recognized as a leader in the Tier-1 and domestic and the international banking industry for over 20 years. It is a perfect choice as we expand to serve banks and credit unions of all sizes.

Our new, shared mission is to excel at delivering innovative technology solutions that digitize and automate the financial services world. Ensuring successful outcomes for our partners drives all that we do.


How will the change affect existing Alogent and Bluepoint products, customers and partners?

Nothing is being eliminated or taken away—in fact, quite the opposite is true and much will be added.

  • Our combined commitment to serving all financial institutions of all sizes is as strong as ever.
  • All existing product lines are part of our growth strategy and we are continuing to actively develop all solutions and services.
  • All product names will remain the same.
  • Customers and partners will continue to work with their existing account managers and implementation/support contacts, and will be amply notified if they need to update email and web addresses.                             

Will customers of the new company see any benefits from the change?

Yes! Our new company draws on 56 years of combined experience as market leaders for Tier-1 banks, international banks, community banks and about 1,400 credit unions of all sizes. The merger is providing us with new resources to invest in product development and new product categories so we can offer services to the entire industry, and to ramp up innovation and product development for all our current product lines.                             


Has Bluepoint been absorbed under Alogent?

No. Although we are bringing the name forward, the new Alogent is the result of fully integrating two equally-strong financial technology companies. We have woven together our employees and executives, our products and product development, and our complementary strengths.