Company News
Published Jan 8 2002
*Famous Dave's of America Inc., Eden Prairie, reported
revenue of $87.7 million for the fiscal year ended Dec. 31, up 25
percent from the previous year. Comparable store sales for the
year rose 2.9 percent.
*Veracity Communications Inc., a Minneapolis-based
provider of voice, video and data conferencing services, has
closed on a $3.1 million round of financing. The financing
follows an investment of $200,000 in seed capital from
Convexity, a North Dakota-based venture capital firm, in July
2001.
*SSESCO, St. Paul, which sells products and services to
environmental and meteorological companies, has signed a
three-year licensing agreement with ARIA Technologies. The
agreement allows ARIA to sell SSESCO's WxPortal system
architecture in Europe, the former Soviet Union, Israel and
northern Africa.
*Best Buy Co. Inc., Eden Prairie, has named the Watts Group,
a Canadian marketing-services firm, as its preferred provider
of rebate fulfillment and customer care.
*Techies.com, Edina, named Paul Cronin president and chief
operating officer, and Pat Brennan chief financial officer.
Cronin replaces CEO and President Dan Frawley, who resigned
to seek other opportunities.
*Zamba Solutions, Eden Prairie, has appointed Joe Costello as
board chairman and renewed a $5 million line of credit with
Silicon Valley Bank. Costello has been a member of Zamba's
board since 1996, and previously served as chairman from 1998
to 2000.
*St. Jude Medical Inc., Little Canada, said Catholic
Healthcare West will purchase St. Jude's Cardiac Rhythm
Management products. Catholic Healthcare has 41 hospitals in
California, Arizona and Nevada.
*Solutran, Plymouth, a provider of payment processing
services, has named Selling Communications Inc. a sales and
marketing partner to bring the Digibates product to the
incentive industry.
*RayMedica Inc., Bloomington, has received approval from
the U.S. Food and Drug Administration to begin a second U.S.
clinical evaluation of the prosthetic disc nucleus device,
designed to treat low-back pain. Data from this study will be
used to seek FDA approval to begin a pivotal clinical study
later this year.
*Deluxe Corp., Shoreview, said it will provide check-printing
services to Hughes Federal Credit Union of Arizona.
*Datakey Inc., Burnsville, has received an order for 6,400
Model 330 cryptographic smart cards and associated software
for a non-U.S. government agency. The order was shipped in
the fourth quarter of 2001.
*Dynacare Inc., Dallas, has signed an agreement with
UnitedHealthcare, a unit of Minnetonka-based UnitedHealth
Group, to become a national provider of laboratory services.
*Minnesota School of Business and Globe College has
joined the Microsoft IT Academy Program and will offer a
bachelor of science degree in information technology. The
Microsoft program provides schools with support for Microsoft
training and certification.
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