Göran Strandberg joins Novestra's management
GÖRAN STRANDBERG JOINS NOVESTRA'S MANAGEMENT Göran Strandberg, who has worked at Cisco Systems for the past nine years, is to become an Executive Director of Novestra from 1 July. For the past four years Strandberg, who was one of Cisco's first employees in Scandinavia and was responsible for building up the Scandinavian business, has been based in London as a member of Cisco's European management group. In addition to participating in general evaluation and investment strategy decisions at Novestra, Göran Strandberg will also be actively involved in some of the portfolio companies. "Göran Strandberg has valuable technical and commercial competence which will be an important component of Novestra's future development strategy. Together with Lennart Tengroth, Peter Ekelund and myself, Göran will form part of Novestra's team of executive directors, which has overall responsibility for Novestra's business and strategy. We are very pleased that Peter Ekelund and Göran Strandberg have joined Novestra and we are pleased with the look of Novestra's new operational management, with CEO Thomas Åkerman (see separate press release) and EVP Nils Bengtsson. Altogether this represents a significant reinforcement of our strategic and commercial resources, which together with our network will be the company's most important asset in the future," said Theodor Dalenson. "I have had opportunity to follow Novestra's development for some time through my involvement on the board and I think it will be exciting to be part of building up the business. One of the most exciting things is Novestra's vision of building up a strategic competence base and not just a share portfolio," said Göran Strandberg. Novestra is one of the leading venture capital investment firms in the Nordic countries, primarily with a focus on companies providing enabling services to the network economy. Novestra's portfolio of companies includes Bredbandsbolaget, Continuum Group Ltd, Fanglobe Inc, IQUITY Systems, Mobilestop.com, NetSurvey, PowerNet and Qbranch. Novestras shares are traded on the OM Stockholm Exchange New Market. For further comments please contact Theodor Dalenson phone No. +46 8 545 017 50. For more information regarding AB Novestra, please refer to www.novestra.com. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/30/20000530BIT00310/bit0001.doc http://www.bit.se/bitonline/2000/05/30/20000530BIT00310/bit0002.pdf