DENVER – Nov. 2, 2016 – PRLog — The Stage Fund, a Denver based private equity firm, is pleased to announce today that it has completed the asset acquisition of Blue Cod Technologies. The opportunity came to The Stage Fund through it’s crisis management arm, The VEER Group, who were hired by the original equity owners and prior management in June of 2016.
Headquartered in Marlborough, MA, Blue Cod Technologies provides back office services to the insurance industry with a focus on business process outsourcing (BPO) and Information Technology Outsourcing (ITO).
“Blue Cod Technologies was founded in 2000 and reached a critical point in it’s growth requiring change that fits with The Stage Fund’s model. Through the acquisition, The Stage Fund will reorganize and rebuild the company starting with technology, additional leadership, renewed focus and energy. Blue Cod Technologies will once again regain its status as the leader in BPO & ITO services in the insurance industry.” said Daniel Frydenlund, Chairman and CEO of The Stage Fund.
Paul Cooley, Senior Managing Director of The Stage Fund added, “We are excited and committed to continuing the great tradition of Insurance Solutions that Blue Cod Technologies has brought to the Property & Casualty Marketplace. Blue Cod Technologies has incredibly talented employees and leadership and with the support and guidance of The Stage Fund partnership, we will create a world-class, customer-centric organization that will grow both organically and through acquisition.”
Lastly, Greg Kincade, CFO of The Stage Fund stated, “At The Stage Fund, we are excited to add Blue Cod Technologies to our portfolio. We plan to use Blue Cod Technologies as a platform for further acquisitions in this particular space as The Stage Fund traditionally looks for tuck-in acquisitions.”
About Stage Fund
The Stage Fund, founded in 2009 by Daniel Frydenlund, is private equity firm focused on acquiring controlling interests in companies undergoing change in capital structure, strategy, operations or growth and that can benefit from it’s operational and capital approach. The Stage Fund targets companies with a core business, products or services, revenue, strong customer relationships, and that have reached a point in their lifecycle presenting an opportunity for transformation. http://thestagefund.com.
About Blue Cod Technologies, Inc.
Blue Cod Technologies, Inc. is the leading provider of Strategic Outsourcing Solutions for the property and casualty (P&C) industry and addresses the support and technology needs of start-up, SMB and enterprise-class carriers in the Earthquake, Homeowner, Auto, Farm owners and Commercial Package markets. Blue Cod’s team of experienced insurance, technology and implementation specialists deliver high-end insurance services at a lower operational and capital expense than can be achieved through an organization’s internal staff. Blue Cod Technologies offers customers the ability to create customized solutions or take advantage of specialized programs such as High-Risk or State Assigned Auto, Coastal Homeowner, FAIR Plan Process and Earthquake coverage. http://www.bluecod.com.
About VEER Group
VEER Group is a strategic arm 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 to affect immediate change. For more information go to http://www.veer-