Intelligent Systems Corporation and its 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, 2011, the Company owns 100% of ChemFree and 96% of CoreCard. It also has two wholly owned subsidiaries, CoreCard SRL in Romania and ISC Software in Romania and India, respectively, that perform software development and testing for CoreCard. ChemFree designs, manufactures and markets a range of parts washers under the SmartWasher trademark. CoreCard designs, develops, and markets a suite of software solutions to accounts receivable businesses, financial institutions, retailers and processors to manage their credit and debit card, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable.