DENVER, COLORADO, June 26, 2014 – The Stage Fund, a Denver-based international private equity firm has completed the acquisition of BreakTime Studios and BluTrumpet.
In tandem, BreakTime and BluTrumpet have designed an easy-to-integrate, mobile app recommendation engine for both publishers and advertisers. Previous venture funding was in excess of $15 million. Acquiring hi-tech IT assets in Toronto expands the firm’s presence into the Silicon Valley of Canada. With the San Francisco team, the group comes with extensive gaming industry expertise with deep roots in the Silicon Valley community.
The Stage Fund is the expansion of FKR Acquisitions, which specializes in the purchase and turn-around of distressed assets, and will operate as The Stage Fund going forward. “Demand for our expertise combined with capital drives this exciting move. We’ve seen unprecedented growth for the first half of 2014 and are adding both General and Limited Partners,” said Daniel Frydenlund, Chairman and Founder at The Stage Fund. All will be based out of their Denver, CO world-headquarters.