The Board of Directors  

Helge Lundefaret (b. 1956), Chairman of the Board. Mr. Lundefaret has been a partner in Borea since the start in 2002. He has 18 years of previous experience as an investor and active owner of several PE companies. He has 25 years of experience within IT industry, ranging from system development, programming, project management, SW sales and commercialization. Mr. Lundefaret also has experience as a CEO and Chairman of both domestic and international IT companies, he was Chairman and CEO of Creuna AS (a Danish company) from 2003 until October 2008. He is educated at NKI Engineering School, and Norwegian School of Management (BI). Mr. Lundefaret is a member of the Board in Creuna AS, Instore Media AB and Mercatus AS.

Ragnhild Janbu Fresvik (b. 1980), member of the Board. Ms. Fresvik is Investment Manager in Borea Opportunity, an active and independent private equity company located in Bergen. She has five years of previous experience from The Boston Consulting Group (BCG) where she worked on several strategy- and profit-improvement projects for major Nordic blue-chip companies as junior project leader. Ms. Fresvik is a member of the Board of Dekk 1 Holding AS. She holds an Master of Science in Economics (Siviløkonom) from the The Norwegian School of Economics and Business Administration (NHH).