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Artel Video Systems now owned by employee trust

Media transport solutions firm Artel Video Systems is now owned by its employees, following the creation of the Artel Video Systems Corporation Employee Ownership Trust.

The firm said that the trust will strengthen Artel’s ability to better meet the “growing needs of its customers,” and was formed as an employee stock ownership plan

“It is well documented that broad-based employee ownership enhances a company’s financial performance while dramatically improving all of its customer satisfaction metrics,” said Artel president and CEO, Richard Dellacanonica.

“Delivering the world’s most reliable, simple to install and support media transport equipment has been our charter for more than 30 years and we have been successful at it because of our employees. Through this employee ownership program, we are further enhancing the culture of customer-focused solutions, coupled with a dedication to service and quality that have been the hallmarks of Artel for decades.”