HandsOn Ventures Acquires Savant Consulting Group
Originally Released on 08/02/02

Santa Monica, CA- HandsOn Ventures, a Santa Monica, California-based buyout firm, today announced that it has acquired Savant Consulting Group, a leading information technology (IT) services company. Savant ranked 4th among all U.S.-based software companies in the 6th Annual Entrepreneur/Dun & Bradstreet "Hot" list of fastest growing entrepreneurial businesses.

The acquisition of Savant continues a series of milestones for HandsOn Ventures (HOV) since its inception in 2001 to capitalize on the rising demand for outsourced business processes and value investing opportunities in the IT Services and Business Process Outsourcing (BPO) sectors.

In June of 2001, HOV launched Digital Boardwalk, Inc., a developer of software applications. In September of 2001, HOV acquired Codec Communications (P) Ltd., a Pune, India-based IT Services firm. In February of 2002, HOV acquired a significant equity interest in Entrada Networks, Inc.

About Savant Consulting Group

Savant Consulting Group is based in Edison, New Jersey and has offices in Huntingdon Valley, Pennsylvania; Fremont, California; Huntington Beach, California; and Maharashtra, India. It employs more than 130 specialists supporting a wide range of client needs ranging from CRM and ERP, to Web-based technologies and Client Server applications. Its clients include AIG, J.P. Morgan Chase & Company, Deutsche Bank, Qwest Communications, The New York Times Company, Ethicon (a Johnson & Johnson company), Kemper Insurance, Sankyo Pharmaceuticals and others.

About HandsOn Ventures

HandsOn Ventures is a buyout firm that acquires profitable companies in the fields of Information Technology, Business Process Outsourcing, Telecommunications, as well as other sectors.