That SNS is a tough little company to dig up the dirt on! That is the little company C* bought the other day:
Artesian Capital
MINNEAPOLISArtesian Capital was founded in 1989 by Frank Bennett to invest in start-up companies at their earliest stages of development. The partnership currently has $9.5 million under management.
Artesian Capital's strategy consists of taking investment opportunities from the seed stage, or concept stage if necessary, to full development. The partnership may back technical, feasibility or market research studies for concept-stage companies.
Artesian Capital focuses on businesses based in the upper Midwest, primarily Minnesota, Wisconsin, Iowa, Illinois and North and South Dakota.
The partnership invests from $50,000 up to $1 million in each portfolio company over the life of the investment.
Artesian invests in the health-care (services, management information systems, diagnostics and medical products), communications (services, systems, software and media) and environmental (services, systems and products) industries.
The firm takes active positions in its portfolio companies, generally acquiring board seats and sometimes managing the companies in their initial stages of development.
Michael Snow is also a principal of Artesian.
The following are Artesian Capital's portfolio companies.
........
Satellite Network Systems Inc. (SNS) (St. Paul, Minn.) supplies private, global video networks to corporations and professional associations. SNS develops networks designed to permit users to train employees, market products and provide customer service.
Banque General de Luxembourg and Luxempart are co-investors.
Artesian Capital is located at 821 Marquette Avenue South, 1700 Foshay Tower, Minneapolis, MN 55402, tel. (612) 334-5600, fax. (612) 334-5601; artesian2@aol.com.
and
Satellite Network Systems, Inc.
Add Satellite Network Systems, Inc.
2635 University Ave. West, Suite 190
Saint Paul, MN 55114
Tel 651-644-2200 Toll Free: (800) 543-5285 Fax: 651-644-8025
Own Independent private U.S. company. Formed in 1989.
Sales $5m - $10 annual sales
CEO Mr. Paul Heinerscheid
Ind Computer Hardware (COM)
Desc Satellite Network Systems, Inc. is a provider of video system integration services for businesses, institutions and television broadcasters. Formed in 1989.
This information was confirmed in writing on 15-Jan-98.
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