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Michael Kowalzik joins Target Partners Team

Former tyntec CEO is named new Venture Partner

Munich, August 6th, 2013: Michael Kowalzik has joined Munich-based venture capital firm Target Partners (www.targetpartners.de) as a Venture Partner. Kowalzik, who holds a master's degree in electrical engineering, brings to the partnership 18 years of managerial, entrepreneurial and consulting experience in the telecommunications, Internet and high-tech sectors. At Target Partners, his role will be to sharpen the firm's focus on startups in fast-growing technology sectors.

"I look forward to helping Target Partners build up their network with interesting information and communication technology companies. I aim to find promising investment opportunities in this fascinating area, and help bring them to fruition," said Kowalzik.

"With the addition of Michael Kowalzik to the Target Partners team, we continue to expand our Venture Partner program. He brings to the table a wealth of entrepreneurial experience, with excellent connections in the technology sector," said Kurt Müller, partner at Target Partners.

From 2004 to 2012, Kowalzik served as CEO of the tyntec group, which under his leadership grew into a leading global mobile interaction service provider for corporate customers. After leaving tyntec, Kowalzik advised entrepreneurs on strategy, personnel, finance, marketing and sales. Prior to joining tyntec, Kowalzik worked three years as an investment manager for venture capital investments at Bertelsmann and at Apollis, a joint venture between McKinsey and General Atlantic Partners. He invested in startups and founded two companies of his own for which he served as CEO. Kowalzik started his career in 1994 at management consultancy Accenture, where he was in charge of projects in the telecommunications and finance sectors. During this time, he also earned an MBA from INSEAD in Fontainebleau, France.

About Target Partners:

With €225 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new start-up and early-stage companies, and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.

For more details: www.targetpartners.de, follow us on Twitter: twitter.com/targetpartners or become a friend on Facebook: facebook.com/targetpartners.

Press contact Target Partners:

Sprachperlen GmbH Agency for enterprise communication Stefan Zacher Ehrengutstraße 5 80469 Munich, Germany Tel.: +49 89 411 53 199 Fax: +49 89 411 53 200 e-Mail: stefan.zacher@sprachperlen.de

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Years of combined experience in software development and R&D