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New York-based i-shop Iguana Studios has been purchased by Change Technology Partners, Inc., a company that acquires and manages Internet service businesses, for $8.8 million in cash and stock, the companies said Monday.
Iguana’s three founders, Nancy Duran, Jason Jercinovic and Chris Piazza, will become managing directors of the Greenwich, Conn.-based CTPI, and eventually Iguana will be consolidated under the CTPI name. A spokeswoman
for Iguana said the company does not expect that any of its
approximately 60 employees will be let go.
The
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