Stage Fund Acquires Ontuitive, a Performance Learning Tech Company

DENVER – Oct. 25, 2017 – PRLog — Private equity turnaround and growth firm, Stage Fund, is pleased to announce the acquisition of Ontuitive. Ontuitive is a leading provider of real-time performance learning with offices in the United States, United Kingdom and Netherlands. Both Stage Fund and Ontuitive are excited about this opportunity for collaboration and partnership. “This acquisition means that Ontuitive gains expertise, capacity, and energy that will translate into value for our customers, both current and prospective” stated Keith Lynip.

Since Stage Fund was brought in, there have been many positive changes made to Ontuitive’s leadership. John Hall has been elevated to the Board of Directors. John, along with Daniel Frydenlund, CEO of Stage Fund, will provide insight on company strategy. When discussing the acquisition, Daniel stated “I’m very excited about the opportunity for Stage Fund to help Ontuitive grow. Ontuitive has key customers in the airline industry, food services and financial consulting industry, just to name a few. With our support, we’ll expand with those customers”.
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Stage Fund’s Daniel Frydenlund Appointed to Ontuitive’s Board of Directors

DENVEROct. 12, 2017PRLog — Daniel Frydenlund, Chairman and CEO of Stage Fund, has been appointed to Ontuitive’s Board of Directors and will serve as Executive Chairman. Ontuitive is a technology-enabled learning services company based in the US, UK and The Netherlands. The technology delivers performance learning solutions that support business processes, IT applications and systems, workplace learning, and organizational knowledge.

“I am thrilled to be a part of the Ontuitive group and plan to immediately get to work to expand the company’s offerings and grow the offerings in all regions,” stated Daniel Frydenlund. With offices in The Netherlands, Frydenlund ties in nicely with his extensive work experience throughout Europe while headquartered in The Hague Netherlands during the late 1990’s while CFO of a Centennial Funds portfolio company. “Having direct experience in that particular geographic region is critical for combining forces,” Frydenlund added. Frydenlund and his group at Stage Fund are uniquely structured to energize this company. “We plan to leverage every aspect of our unique shared services while driving towards a more scalable company, stated Daniel Frydenlund.

“Edison Partners is pleased to welcome Daniel Frydenlund to Ontuitive’s board. We are excited for the company and its customers to benefit from the depth of his growth company experience and strong operational guidance,” said Tom VanderSchaaff, General Partner at Edison Partners.

About Stage Fund

Stage Fund, founded in 2009 by Daniel Frydenlund, is a turnaround and growth private equity firm focused on acquiring controlling interests in companies undergoing change in capital structure, strategy, operations or growth, can benefit from our operational and capital approach and that have reached a point in their lifecycle presenting an opportunity for transformation. Stage Fund is headquartered in Denver with offices in L.A., San Francisco, and N.Y.C. http://www.thestagefund.com

About Ontuitive

Ontuitive, Inc., a technology-enabled learning services company, develops and delivers performance learning solutions that support business processes, IT applications and systems, workplace learning, and organizational knowledge. It offers solutions ranging from customized performance support to off-the-shelf content, business process guidance, contextual application support, and agile lean learning. The company also provides strategic consulting, design and development, implementation, enablement, training, and desk support services.

Stage Fund Developing Strategic Relationships in Europe & the Middle East

DENVER – Sept. 21, 2017 – PRLog — Stage Fund, Denver’s Top Gun of turnarounds & growth, is exploring opportunities for expansion around Europe and the Middle East. Considered the technology hot spot of the Middle East, Tel Aviv heats up as Stage Fund moves toward a beachhead. The group has been concentrating efforts on developing relationships in the region and is already working with many strong equity and debt investors. The opportunity for growth and expansion with a solid team in place here, is not far off. Read more

Stage Fund, Denver’s TOP GUN for Turnarounds & Growth, brings Specialty Digital Retailer, Lolly Wolly Doodle, into their Portfolio

DENVERSept. 11, 2017PRLog — Denver-based private equity turnaround & growth firm, Stage Fund, announced that it has completed a strategic investment in Lolly Wolly Doodle (“LWD”), a designer and manufacturer of customized and personalized women and children’s clothing and accessories.

Stage Fund partnered with existing investors Revolution Growth and FirstMark Ventures. In good form, Stage Fund worked around the clock to close the transaction within 10 days of the LOI. Stage Fund continues to prove it’s model of action and results in time sensitive special situations.

Lolly Wolly Doodle, with operations in North Carolina and New York City, started by successfully utilizing the power of viral marketing to build a fanatic following on social media for its unique dresses, tops, and leggings that could be personalized and customized.  LWD utilizes a fast-fashion, small-batch approach for creating and manufacturing its garments and accessories to provide its products at very affordable price points while eliminating unused inventory.

“Stage Fund is very pleased to partner with the team at LWD.  We are investing more than capital, we are working hands-on and bringing our proven expertise to energize and grow LWD.  I am taking a very personal interest in seeing this company to the next level. We are here to create a win for our customers, employees and the shareholders. We believe this company should be generating over $50M in revenue which is our long term goal,” says Daniel Frydenlund, Chairman/CEO of Stage Fund. Read more

Stage Fund’s Blue Cod Technologies is into the Growth Stage and Closing Deals

DENVERApril 14, 2017PRLog — Stage Fund’s portfolio company Blue Cod Technologies out of Marlborough, MA is steadily growing their customer base and is pleased to announce a significant partnership with American Integrity Insurance.

“When our customers experience a loss, our goal is to provide them with timely and efficient service to help them get back on the road to recovery as quickly as possible,” said Jon Ritchie, American Integrity Insurance Executive Vice President. “Partnering with Blue Cod positions us to provide the best possible claims experience to our customers in their greatest time of need. We look forward to a long and productive partnership with Blue Cod.”

With the help of Stage Fund, Blue Cod Technologies has undergone a complete restructuring with it’s core technology, administration, marketing & sales, & executive leadership. Through this and the stabilization of the customer base, cost reductions, and a focus on profitability, the company is now profitable and well into their growth stage. Read more

Demands in Insurance Industry Show a Bright Future for Blue Cod Technologies, a Stage Fund Company

DENVERMarch 8, 2017PRLog — It can be said that the insurance industry is one of the oldest, most antiquated industries in the business world today. The industry must find a way to keep up with the demands and trends of society including, but not limited to, increased connectivity among personal and workplace devices, the development of automated cars, and cyber security. As the industry concentrates more of their efforts and growth in technology through targeted data and predictive analytics, they will need to be nimble everywhere else which is great news for Blue Cod Technologies.

In 2016, Stage Fund acquired Blue Cod Technologies, the leader in back office services for the insurance industry. Although largely successful with it’s core services, when it was acquired the company was struggling financially and had not yet reached cash flow break even.  For the past 8 months, Blue Cod has undergone a complete restructuring with it’s core technology, administration, marketing & sales, & executive leadership. Through this and the stabilization of the customer base, cost reductions, and a focus on profitability, the company is now profitable and planning for their growth stage.

Blue Cod’s future is based on acquisitions focused on revenue growth and technology. Stage Fund’s CEO and Chairman, Daniel Frydenlund says, “The firm is now actively looking for additional bolt on acquisitions in the analytics and artificial Intelligence space. With the company’s stabilization combined with the insurance industry’s growth trends, timing couldn’t be more perfect. The insurance industry is slow but is finally adapting to technologies that have been available for many years and is ripe for disruption. We will be part of this massive shift leveraging a very strong foundation and loyal customer base with Blue Cod, a business built over 17 years ago. We will be deploying and acquiring additional pieces of technology forming a state-of-the-art insurance services company.” Read more

iCars Buys Limos.com in Crowded Corporate Travel Ground Transport Market

Competition in the U.S. market for limousine pick-ups has shifted up a gear with the acquisition of Limos.com by iCars, a startup in San Francsico that aims to be the typical corporate travel manager’s go-to service for arranging ground transportation.

ICars is going up against Blacklane (which has raised $42 million), Groundlink (which has raised $20 million and was acquired this week by Marcou Transportation Group), and Deem (which has raised hundreds of millions for its various incarnations).

On the supply side, each of these companies affiliate with some of the 8,000 limousine providers in the U.S., sending referrals to run trips for corporate travelers whenever the drivers aren’t otherwise booked with local, direct reservations.

On the demand side, travel managers tend to distrust services like Uber because of uncertainty about the quality of the drivers and vehicles. They tend to prefer chauffeur services that vet driver and vehicle quality, who have software that syncs with corporate reporting systems, and who are willing to negotiate discounted rates.

The merger between Limos.com and iCars is bittersweet. Limos.com began as a San Francisco startup that ran a consumer booking website for limousine rentals. A half-dozen years ago, it raised $5 million from Canal Partners and then $15 million from Austin Ventures. Follow the link below for full article!

by Sean O’Neill, Skift

iCARS, Limos.com Join To Create Global B2B Network

SAN FRANCISCO — Two of the limousine industry’s foremost technology pioneers are combining their complementary services as part of a major deal closed Jan. 1 that will connect operators, clients, and affiliates.

iCARS, a B2B chauffeured car service app that uses a network of limousine company partners, purchasedLimos.com, the established lead generator that books web- and app-based customers for chauffeured rides. Once technical integration is completed in early February, iCARS and Limos.com will offer a seamless network of on-demand, near-demand, and advanced online reservation services via a vast network.

Added up, the combined numbers point to a limousine industry entity that provides a legal, high-quality alternative to transportation network companies (TNCs). The iCARS-Limos.com company, to remain under their respective brands, will serve 500 cities with 15,000 fleet vehicles, 2,500 operators, and 60 employees. Limos.com has raised over $20 million in equity and gets about three million visitors per year, and has 4.5 million users in its database. Owner and CEO Gary Bauer projects the venture will generate $65 million to $70 million in revenues for 2017.

About 1,000 Limos.com operators will be migrated to the iCARS platform, with Limos.com serving as the back-end operation consisting of operators and affiliates, and iCARS as the branded face of the company serving B2B corporate clients and business travelers. Limos.com also brings front- and back-end integration with Concur, Sabre, and Orbitz.

“This is a huge opportunity to take growth to the next level and have all major cities covered,” Bauer told LCT. “This enables us to be worldwide in every major city.” Read more

The Stage Fund Successfully Completes Sale of Limos.com

DENVERJan. 4, 2017PRLog — The Stage Fund, a Denver based private equity group, announces today the successful exit of Limos.com after a challenging restructuring and turnaround. Limos.com is based in San Francisco and was acquired by Stage Fund 15 months ago.

The group set out to save the company and as many jobs as possible back in September of 2015. Limos.com was leapfrogged when Uber and Lyft came to town. As is the story of many growing companies, Limos.com lost their focus on their core offerings and values. The Stage Fund systematically restructured the company to compete in their true niche, which is scheduled transportation. Daniel Frydenlund, Chairman and CEO of Stage Fund comments, “After eight years in business, Stage Fund continues to prove to be a leader in the private equity turnaround and restructuring industry. The decision to expand in Los Angeles earlier this year with Dan Tamkin at the helm has proven invaluable. I am excited for Mr. Tamkin and his success this year with leading Limos.com to this stage and successful exit.”
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Blue Cod’s Business Development Team Expands & Moves Toward New Marketing Objectives

DENVERNov. 28, 2016PRLog — In September, Blue Cod Technologies created a strategic Business Development Unit. These team members bring extensive knowledge and background in the insurance, customer service, technology and marketing industries. The new team has two initial focuses since joining. The first is to ensure accountability with current clients and partners. The second is to be a reliable advocate not just for our clients but for all partners in the insurance industry. The overall focus is to be an active partner to better enhance client services and future needs.

One of the newest members to the team, Chris Boyers, has over 15 years of experience in professional services and consulting. Specifically, 7 of those years were in the insurance industry working on both the carrier and retail side with a focus on property and casualty products.  This experience will provide clients, prospective clients and vendors with a partner who understand the space in which they operate. Read more