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Respect Ventures Group Ltd (RVG) has acquired Eficor Venture Management Ltd (EVM) on 31.7.2002. The acquired company manages two funds, Holtron Capital Partners I ky and Holtron Capital Fund I ky.

"We are very satisfied with this acquisition. The acquired company is also very familiar to us. Prior to joining Respect Ventures Group I was a partner at EVM", says Mr. Eric Cronstedt who will be appointed CEO of EVM.

EVM will move to the headquarter facilities of Respect Ventures Group in Keilaniemi in Espoo. EVM is a member of both the Finnish Venture Capital Association and the European Venture Capital Association.

Respect Ventures Group is a private investment company that faces strong growth and invests in small and medium sized infocom companies. The company employs more than 50 people.

Additional information:

Mr. Eric Cronstedt, CEO Respect Ventures Group Ltd
Tel. +358 50 550 1667,

Holtron Ventures Oy
Keilasatama 3
FIN-02150 Espoo Finland
Phone: +358 9 2510 7400
Fax: +358 9 2510 7401