Blue Frog Solutions

• Industry Business Services, Technology
• Type Capital Raise

About
Blue Frog Solutions is a leading provider of life and annuity insurance standards-based technology, business process outsourcing (BPO) and data management solutions to insurance Carriers and Distributors.

Situation
Blue Frog Solutions had previously raised capital from two strategic investors to build out its technology platform. The Company needed additional capital to retire its existing debt, fund additional sales and marketing efforts, and provide additional growth capital. Croft & Bender was hired to draft the offering memorandum, market the Company to interested parties and to analyze, structure and negotiate a transaction that would satisfy the Company's requirements.

Result
Croft & Bender successfully raised the necessary capital with LPL Financial Services, the largest provider of annuities in the United States, providing the equity and Bridge Bank providing a senior credit facility.