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PE firm The Stage Fund acquires Israeli cybersecurity company

Private equity firm The Stage Fund acquired cybersecurity company Cymmetria Inc. for an undisclosed sum.

The Stage Fund made a number of leadership changes to Cymmetria, including the appointment of The Stage Fund CEO Daniel Frydenlund as chairman of the Cymmetria board.

The Stage Fund plans to collaborate with Cymmetria to enhance research and development operations in Tel Aviv, Israel, according to a Sept. 4 news release.

Denver-based The Stage Fund focuses on buying controlling interests in companies undergoing a change in capital structure, strategy, operations or growth.