Danaos Systems (Cyprus) was established in 2003 and is a subsidiary of Danaos Management Consultants, established in 1986. Danaos Management Consultants controls 51% of the company while Island Oil Limited participates with a 49% of the share capital. The company offers and promotes the well-known maritime solutions of Danaos Group and serves its prestigious clientele both in Cyprus and abroad with specialized maritime software, related consulting services, and technical support.