ADB Systems International Ltd. (ADB) develops and sells software solutions and services that allow customers to source, manage and sell their assets and capital equipment. The Company refers to its product and services suite as asset lifecycle management solutions. ADB Systems' solutions help customers reduce sourcing, procurement and maintenance costs, improve asset utilization, reduce operational downtime and generate higher yields for surplus equipment. In October 2001, it acquired ADB Systemer ASA (ADB Systemer), a Norway-based software company involved in the oil and gas industry. Since the acquisition, ADB Systems has maintained sales and development offices in Canada, the United States, the United Kingdom, Ireland and Norway. The Company works with a number of customers and partners in sectors, including oil and gas, government, healthcare, manufacturing and financial services.