The Stage Fund acquires BigDoor

 
 
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Tags:
Acquisitions
Thestagefund
Bigdoor

Industry:
Business

Location:
Denver - Colorado - US

DENVER - June 15, 2016 - PRLog -- The Stage Fund today announced that it has completed the acquisition of BigDoor in Seattle, Washington. The Stage Fund's sister company, VEER Group, provided a valuation analysis to the investment firm last week. "VEER Group made it's recommendation to the investment committee early last week to move forward with an acquisition. We look forward to the next steps," says Kincade, co-founder and CFO of The Stage Fund.

Headquartered in Seattle, Washington, BigDoor provides white labeled software products to help brands engage, retain and build lasting customer loyalty through compelling and progressive reward programs.

"We intend on leveraging our internal technology resources, capital and intensity to re-launch BigDoor's product and realize the over $17 million dollars invested to date." says Frydenlund, Chairman of The Stage Fund.  "As a Private Equity Investor, we have different horizons for our investment strategies and are not rushed. We have leadership in place for Bigdoor.  The technology platform has been improved and our sales team is poised to capitalize on the increasing interest from current customers and new customers," says Frydenlund.

The Company was able to re-launch at this pace largely because of strategic back office administrative services group based in Denver that allows companies to focus on their business without loading up on staff that is not 100% focused on producing sales and recurring revenue.

About Stage Fund

The Stage Fund, founded in 2009 by Daniel Frydenlund, is an investment firm focused on acquiring controlling interests in companies undergoing change in capital structure, strategy, operations or growth and can benefit from our 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://www.thestagefund.com

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.

About BigDoor

BigDoor is a white label software platform that helps brands to easily engage consumers and build loyalty. The platform helps brands to deliver truly exceptional experiences to users, and reward them for discovering, advocating and engaging with the brand. BigDoor is headquartered in Seattle, WA. http://www.bigdoor.com

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The Stage Fund
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Tags:Acquisitions, Thestagefund, Bigdoor
Industry:Business
Location:Denver - Colorado - United States
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