The Stage Fund's Daniel Frydenlund Appointed to Blue Cod's Board of Directors

DENVER - Aug. 6, 2016 - PRLog -- Daniel Frydenlund, Managing Partner of The Stage Fund, has been appointed to Blue Cod Technologies' Board of Directors and will serve as Chairman.

"Edison Partners is pleased to welcome Daniel Frydenlund to Blue Cod'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 Vander Schaaff, partner at Edison Partners.

Daniel Frydenlund stated, "I am excited to have the complete support of all the debt and equity investors of Blue Cod Technologies. My approach to success will be simple; we will work non-stop until we are the industry leader while expanding into new markets. We will not rest until our customers are more than pleased with our performance, then we reach higher." The nearly 100 employee company based in Marlborough, MA is positioned to grow again.  The team is ready for change, positioned to win, and is committed to success, providing an opportunity for current and new investors to realize substantial gains.

Frydenlund's first opportunity to work in turnaround situations began in 1999. The opportunity arose while working for Centennial Ventures as CFO of European Operations in the Hague, Netherlands. At this point, Frydenlund was approached by another Denver based private equity fund, The Sturm Group, to start the turnaround process of Hostmark Ltd.

Hostmark Ltd, a wholly owned Sturm Group portfolio company, a managed services data center operator in England and Central Europe. It had over $60 million invested and was out of capital burning $7 million per month. Frydenlund led the turnaround and sale to WorldPort Communications based in Dublin. Hostmark Ltd was one of 17 investments made by the Sturm Group.

After successfully completing the sale of Hostmark Ltd, Frydenlund was asked by Denver based billionaire Donald Sturm, Chairman of the Sturm Group, to become Managing Director of the $500m fund. Frydenlund continued on and completed many restructurings and exits for the firm. Companies such as Teamshare, Kaptech, Hostmark, Briterion, Firstworld, Network Photonics, Mercator Fund, Cirpack, Netbricks were actively managed and exited under Frydenlund's leadership during a demanding time in the economy.

In 2004, Frydenlund joined the Gores Group in London. He became SVP of Finance and a board member of Real Software, one of their largest investments at that point. Real Software was a publicly traded IT Services company based in Antwerp, Belgium with annual revenues exceeding $120 million and over 2,000 employees. Daniel was a part of the strategic five member team from the London office that led the turnaround. The Gores Group successfully exited Real Software in 2008.

Frydenlund purchased Skyetek, Inc., in 2009 and immediately formed a firm which is now widely known as The Stage Fund based out of Denver, CO with offices in New York, San Francisco and recently Los Angeles. Skyetek Inc., an RFID software and hardware company, was a struggling business that had over $20m invested over a period of five years. Frydenlund successfully exited Skyetek in late 2015 to a public company. This acquisition was a perfect platform to launch his firm. The Stage Fund's sole purpose and vision is to acquire, restructure, sustainably operate, and sell businesses.

Frydenlund graduated from University of Rhode Island with a BS in Accounting and Finance. He lives primarily in the mountains of Colorado with his wife and business partner, Sherry Frydenlund. Together they raised two children and two canines. Frydenlund stated, "My trusted senior canine advisor, REODog Frydenlund, passed away July 23, 2016. His passion to be next to me in the office was only surpassed by his passion to hike the mountains.  We shared the same drive and intensity to win and never quit.  Thank you for your loyalty and RIP my best buddy and advisor, " said Daniel Frydenlund.

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 Blue Cod

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.