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Navora Limited

Navora Limited Possible Offer for Rolfe & Nolan PLC

London (ots)

- Not for release, publication or distribution in or into Canada, 
  Australia or Japan -
Navora Limited, in association with Navora Capital, LLC ("Navora")
notes the recent announcement by Maia Holdings Limited, a company
backed by the HgCapital Funds and Rolfe & Nolan management, of its
offer to acquire the entire issued and to be issued ordinary share
capital of Rolfe & Nolan PLC ("Rolfe & Nolan") at a price of 100
pence per share.
Navora is in discussions with Battery Ventures VI, LP ("Battery
Ventures") regarding a possible bid for Rolfe and Nolan.  Should a
formal offer be made following additional due diligence, Battery
Ventures has preliminarily agreed to co-sponsor Navora's bid.
A further announcement will be made in due course.
About Navora
Navora is a privately held investment firm focused on acquiring
and managing European technology businesses.  Navora chairman Douglas
G. Bergeron and the management team bring strategic and operational
experience to their investments. Backed by the capital and expertise
of DGB Investments Inc., Navora's investment strategy is to acquire
established businesses ranging from $3 million to $300 million in
revenues and to encourage their growth and development in an
entrepreneurial and rewarding environment.
Key principals in Navora previously held senior executive
positions managing derivatives processing technologies at SunGard
Data Systems, Inc. (NYSE:SDS)
For more information, visit
About Battery Ventures
Battery Ventures is a leading venture capital firm focused on
technology investments across all stages of growth. With a team of
more than 40 professionals and nearly two decades of success, Battery
has the people, experience and capital to guide emerging technology
companies to category dominance.  Since 1983, the firm has invested
worldwide in more than 160 companies across the communications,
software and Internet/e-Business industries.  From its offices in
Wellesley, MA, and San Mateo, CA, the partnership manages over $1.8
billion in committed capital.
Battery Ventures was a major investor in the London International
Financial Futures Exchange (LIFFE).
For more information, visit
This announcement is not being made directly or indirectly, in or
into Canada, Australia or Japan.  Accordingly, neither copies of this
announcement nor any related documentation are to be mailed or
otherwise distributed or sent in or into Canada, Australia or Japan.
Persons who are resident in the United Kingdom should inform
themselves about and observe any applicable requirements.
This information is provided by RNS
The company news service from the London Stock Exchange


Pete Bartolik, Navora Limited:
Phone +1/415/946'5202

Shawn McMorran
Navora Limited
Phone: +44/20/7471'1785