Aisystems, Inc. (fka ASYI)

[Clutch Cargo]

ASYI - The apparent 'stupidity' of a hedgefund?

In 2009, Merus Capital invested $5,000,000.00 in the ASYI/JetEngine software start-up. Thus far, it has not received one single dime of returns on that investment. Nor has it sold any portion of that investment, or triggered the liquidation clause for that investment.

On the home page of the Merus Capital website, this is what it says about its investment philosophy:

"We invest in teams that have a clear sense of purpose"

WHO & WHAT WE INVEST IN

Together with that vision, the team must have an exceptionally strong technical foundation and the long-term drive to turn an idea into a world-class business. Our focus is real software solving real problems - we believe that solving problems is of value irrespective of fad or trend and that solving such problems in a scalable manner will lead to the creation of valuable businesses. We call this iEnterprise. In addition to the market and technology assessment, in evaluating each investment, we ask ourselves: “Is it an exciting problem to solve?” and “Is this a team of talented, ambitious people that we would love to work with?”

In October, 2012, Merus Capital invested an undisclosed amount of money in the AERO-IQ start-up and added AERO-IQ to its 11 other "Merus Portfolio Companies ... a 'designation' that even ASYI never before held.