Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Emancipation Capital
2. Date of Event Requiring Statement (Month/Day/Year)
06/16/2004
3. Issuer Name and Ticker or Trading Symbol
ARTEMIS INTERNATIONAL SOLUTIONS CORP [AMSI]
(Last)
(First)
(Middle)
153 E. 53RD STREET, SUITE 26B
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 178,984 (1)
I (2) (3)
See (2) and (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock 06/16/2004   (4) Common Stock 1,363,636 $ 0 I (2) (3) See (2)(3)
Initial Warrants 06/16/2004 06/16/2009 Common Stock 136,364 $ 2.6 I (2) (3) See (2)(3)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Emancipation Capital
153 E. 53RD STREET
SUITE 26B
NEW YORK, NY 10022
    X    
Frumberg Charles
C/O EMANCIPATION CAPITAL, LLC
153 E. 53RD STREET, SUITE 26B
NEW YORK, NY 10022
    X    
Emancipation Capital, LLC
153 E. 53RD STREET, SUITE 26B
NEW YORK, NY 10022
    X    

Signatures

EMANCIPATION CAPITAL, LP By: /s/ Charles Frumberg, Managing Member 01/20/2005
**Signature of Reporting Person Date

EMANCIPATION CAPITAL, LLC By: /s/ Charles Frumberg, Managing Member 01/20/2005
**Signature of Reporting Person Date

/s/ Charles Frumberg 01/20/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The number of shares of common stock includes 26,700 shares of common stock purchased on the open market prior to 6/16/2004 and 152,284 shares of common stock issued to Emancipation Capital LP on the exercise of its additional warrants on 12/23/2004.
(2) These securities are owned directly by Emancipation Capital LP.
(3) Emancipation Capital LLC acts as the general partner of Emancipation Capital LP and has voting and dispositive power over the securities held by Emancipation Capital LP. The managing member of Emancipation Capital LLC is Mr. Frumberg. Emancipation Capital LLC and Mr. Frumberg disclaim beneficial ownership of the securities held by Emancipation Capital LP, except for their pecuniary interest therein.
(4) These securities are preferred stock of Artemis International Solutions Corporation and do not have an expiration date. The Preferred Stock was acquired in a privately negotiated transaction that was consummated on 6/16/2004 at a price of $2.20 per share.

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