DENVER – June 12, 2018 — Iconixx, an incentive compensation management SaaS platform, appointed Daniel Frydenlund, CEO and Chairman of Stage Fund, as the Chief Restructuring Officer on June 5th, 2018. Iconixx, founded in 1995, provides a level of ingenuity by delivering flawless compensation based solutions to any scale of customers. The value of Iconixx’s unrivaled capability can be derived from their countless notable partners such as CBS, Scholastic, Bioventus, and First Bank, to name a few.
Mr. Frydenlund possesses first-rate experience in the tech industry, restructuring over 35 firms in the past 20 years. “I’m happy to join forces with the investors at Ballast Point Ventures, Harbert Venture Partners, and S3 Ventures” says Frydenlund. “My goal is to quickly add resources from my Denver team to ensure Iconixx takes the lead in this exciting industry. The Company’s SaaS platform will be the focus and additional resources will expand the offering and presence.” Principal of S3 Ventures, Rajiv Bala, notes “Daniel Frydenlund, The Stage Fund & VEER-Group are the right teams to lead the next level of growth for our investment. The board is completely behind Dan and his team.” In all, this highlights the foundational values of the four investing teams and their unrelenting dedication to their investments. All of which seek the prosperity of them regardless of the trials to establishing it. As such, the aptitude of the teams and the proven potential of Iconixx can ensure its continued growth with Dan Frydenlund as Chief Restructuring Officer.
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.
About VEER Group VEER Group is a wholly owned subsidiary of The Stage Fund. VEER Group provides crisis management, valuation analysis, bank debt servicing abilities and exit analysis. The company is typically engaged by current equity owners, lenders or both. For more information go to http://veer-group.com