For those seeking solid value investments, Intelligent Systems is a long term player in the creation, growth and operation of early stage technology enterprises. Intelligent Systems builds or helps entrepreneurs build sustainable companies by providing practical business knowledge; an established network of resources and affiliate companies; human and financial capital; and an optional, proven incubator program.
In the first quarter of 2015, we sold one of our principal operating subsidiaries, ChemFree Corporation, and intend to focus on growing our remaining principal business, CoreCard Software. In the past from time to time we took an active management role in early stage technology companies in which we owned a minority interest; however we no longer do so.
Our current operating companies include CoreCard Software, Inc. and two wholly-owned subsidiaries, CoreCard SRL and ISC Software in Romania and India, respectively, that perform software development and testing for CoreCard. Since 1990, we have operated the Gwinnett Innovation Park, an award winning pioneer in privately sponsored incubators, principally as a community service and an efficient way to stay abreast of new technology and market trends.
CoreCard designs, develops, and markets a comprehensive suite of software solutions to accounts receivable businesses, financial institutions, retailers and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions. CoreCard also provides processing services for companies that prefer to outsource this function rather than license CoreCard's software for in-house operations.