INTELLIGENT SYSTEMS CORP

INTELLIGENT SYSTEMS CORP

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Company Overview
Intelligent Systems Corp is an American financial holding company for a group that offers management resources and investment advice to the early stage firms in the information technology and industrial products industries. Its activities revolved around holding the securities or other equity interests of its group for the purpose of owning a controlling interest or influencing the management decisions of its subsidiaries. The company was established in 1973. It became a publicly traded company in 1981. Its corporate headquarters is located in Norcross, Georgia.
Intelligent Systems Corp coordinates, directs and organizes the operations of its group. The company offers practical business advice, hands-on operational and strategic planning, and financial and human capital resources. Its subsidiaries design, develop, sell and support software products in two divisions: Information Technology Products and Services and Industrial Products. The Information Technology Products and Services segment offers software for maintenance, repair and overhaul operations of the aviation industry, as well as software for the account management of high volume financial transactions such as credit, debit and purchase cards, through VISaer, Inc. and CoreCard Software, Inc. The Industrial Products unit, through ChemFree Corporation, designs, assembles and sells a variety of SmartWasherr parts washers and associated fluid and filter supplies to the commercial, industrial, military and government agencies.
Business Summary
Intelligent Systems Corporation conducts its operations through wholly and majority owned subsidiaries or minority owned affiliates. The Company’s consolidated companies operate in two industry segments: Information Technology Products and Services, and Industrial Products. The Information Technology Products and Services segment includes CoreCard Software, Inc. (CoreCard) and the Industrial Products segment consists of ChemFree Corporation (ChemFree). As of December 31, 2009, the Company owns 100% of ChemFree and 96% of CoreCard. It also has two wholly owned subsidiaries, CoreCard SRL and ISC Software in Romania and India, respectively, that perform software development and testing for CoreCard.
Description and history
Intelligent Systems Corporation conducts its operations through wholly and majority owned subsidiaries or minority owned affiliates. The Company’s consolidated companies operate in two industry segments: Information Technology Products and Services, and Industrial Products. The Information Technology Products and Services segment includes CoreCard Software, Inc. (CoreCard) and the Industrial Products segment consists of ChemFree Corporation (ChemFree). As of December 31, 2009, the Company owns 100% of ChemFree and 96% of CoreCard. It also has two wholly owned subsidiaries, CoreCard SRL and ISC Software in Romania and India, respectively, that perform software development and testing for CoreCard.

Industrial Products Segment

ChemFree designs, manufactures and markets a range of parts washers under the SmartWasher trademark. The SmartWasher system uses a bio-remediation system that cleans automotive and machine parts without using hazardous, solvent-based chemicals. The SmartWasher system consists of a molded plastic tub and sink, recirculating pump, heater, control panel, filter with microorganisms and aqueous-based degreasing solutions. The Company’s assembled products are shipped to resellers or direct to customer sites and do not require set-up or onsite support from the Company. ChemFree sells replacement fluid and filters to its customers on a regular basis after the initial parts washer sale.

ChemFree’s markets include the automotive, transportation, industrial and military markets. The automotive market includes companies and governmental agencies with fleets of vehicles, individual and chain automobile service centers and auto parts suppliers. The industrial market includes customers with machinery that requires routine maintenance, such as power plants and tool and equipment rental companies. Military applications include vehicle, aircraft and weapons maintenance. ChemFree sells its products directly to high volume customers as well as through several distribution channels, including international distributors in Europe, Canada, Latin America and the Pacific Rim. ChemFree also sells under a General Services Administration schedule to government agencies.

Information Technology Products and Services Segment

CoreCard designs, develops, and markets a suite of software solutions to accounts receivable businesses, financial institutions (such as banks and credit unions), retailers and processors to manage their credit and debit card, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions. CoreCard has developed software applications based on its financial transaction processing platform (CoreENGINE) to address requirements of customers and program managers that issue or process credit/debit cards and prepaid cards.

CoreCard’s financial transaction processing software allows customers to automate, streamline and optimize business processes associated with the set-up, administration, management and settlement of credit, prepaid and loan accounts, to process transactions, and to generate reports and statements for these accounts. CoreCard’s product functionality includes embedded multi-lingual, multi-currency support, a Web-based interface, real-time processing, complex rules-based authorizations, account hierarchies and robust fee libraries that support customer-defined pricing and payment terms.

CoreCard’s target markets include accounts receivable businesses, prepaid cards issuers, retail and private-label issuers, small third-party processors, and small and mid-size financial institutions in the United States and in international markets. It provides maintenance and support services under annual contracts, as well as professional services for customization, implementation, testing and training activities. CoreCard’s principal software platform and modules include CoreENGINE, CoreISSUE, CoreFRAUD, CoreCOLLECT, CoreSALES and CoreACQUIRE.

Business Line
Financial holding company for a group that offers management resources and investment advice to the early stage firms in the information technology and industrial products industries
Subsidiary
CHEMFREE CORPORATION
Advisor
HABIF- AROGETTI & WYNNE
IPO date
8/18/1995
US SIC Code
7372
Company Address
4355, Shackleford Road

City province or state postal code
30093, NORCROSS, GA
Phone: +1 770 381 2900
Fax: +1 770 381 2808
Country address: UNITED STATES OF AMERICA
Website url: www.intelsys.com