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Short Take: CyberStar to buy SNS

CyberStar, a satellite multi-casting video company, is expected to announce Monday it will acquire Satellite Network Systems, a privately-held business television services company, for an undisclosed sum. CyberStar hopes to gain video-conferencing, TV-based distance learning, and out-sourced video expertise by buying SNS. CyberStar, a business unit of Loral Space & Communications, provides Internet Protocol-based data transmissions via satellite. Last year, the company signed a deal to deliver movie promotions to theaters across the country via satellite.

March 26, 1999


Short Take: Tandem's SET offering picked

International payment services Telekurs Payserv of Switzerland and Canada's SNS Systems have chosen Tandem Computers' Secure Electronic Transaction (SET) payment solution for secure payment processing over the Internet. They will use Windows NT-based Tandem servers, Internet security processors for cryptography from Tandem's Atalla, and SET payment applications from GlobeSet(formerly Interval).

June 19, 1997