Leading Dental Technology Company Transitioning Leadership
Halifax, NS – BlueLight Analytics, on the heels of a $3 million financing and a planned major new product launch, is transitioning the company’s leadership to align with significant growth plans.
John Paul (“JP”) Furey, CEO for the past five years, is leaving the company, while tech veteran and current BlueLight Board Chair Steve Nicolle will step in as CEO on a full-time basis, effective immediately.
“BlueLight is at a different stage of growth now, and we are delighted that someone with Steve’s industry experience has agreed to become the company’s CEO,” said Nicola Urbani, BlueLight Board Member and Principal at CIC Capital Ventures, the lead investor in the latest funding round. “We’re in great hands with Steve and we know he will ensure a seamless transition with delighted customers.”
Steve Nicolle is the former CEO of STI Technologies Inc., which sold for a reported $200 million in 2017 to Quintiles IMS, now IQVIA, a $9.7 billion US health technology company.
“We thank JP greatly for his involvement in the business milestones that BlueLight has experienced under his leadership,” said Mr. Urbani. “He has taken the company through some key steps over the last few years.”
The recent financing – led by CIC Capital Ventures with participation by Innovacorp – was used in part to develop checkUP, a new cost-effective data analytics product used by dentists to ensure the optimal amount of energy is used in curing fillings. In addition, BlueLight plans to increase its workforce significantly over the next two years as it expands its market presence globally and rolls out additional new products.
About BlueLight Analytics: BlueLight is the leading provider of data to support light curing for the dental industry. The company was founded in 2009 with Dalhousie University research focused on improving light curing technology in dentistry. The company’s solutions for dentists, researchers, professors and enterprises seek to increase patient success and enhance dentist engagement. BlueLight received the Silver Award for Export Business of the Year at the 2017 Halifax Business Awards.
About CIC Capital Ventures: CIC Capital Ventures is the North American venture capital arm of CM-CIC Investissement, the private equity subsidiary of Crédit Mutuel Alliance Fédérale.
About Innovacorp: Innovacorp is the Nova Scotia government’s early-stage venture capital agency.
About Stephen Nicolle: Stephen Nicolle has more than 20 years of experience leading technology companies and growing shareholder value. In addition to his role as CEO at BlueLight Analytics, he currently is Board Chair at Appili Therapeutics, and is a Partner of the Island Capital Partners venture fund. Stephen is the former CEO of STI Technologies, which was acquired by IQVIA as Canada’s largest ever healthcare technology exit. Before STI Technologies, Stephen spent 10 years leading venture-backed technology companies, including the following roles: CEO of Tatara Systems; CEO of Sigma Systems; COO at March Networks; and, President of Nortel’s Service Provider eBusiness Solutions Group. Stephen is a graduate of Western University with an honours degree in computer science.
Blake Smith, Marketing Manager