Texada Software last week sold the ownership of one of its Internet addresses for $400,000, the company said.

“One of the legacy issues that made little sense to me upon recently becoming CEO was to have our company incur the confusion and expense of operating two separately named websites,” said Nigel Miller, president and CEO of Texada Software Inc. “I therefore decided to consolidate all our Internet information under our most appropriate name: www.texadasoftware.com. We were fortunate to identify a non-competing company in Europe who were interested in acquiring the name of our discontinued website, www.systematic.com.”

For a year, the www.systematic.com website will display an ad enabling anyone looking for the company to click through to the Texada website, Miller said.

Guelph, Ontario-based Texada Software is a well-known provider of equipment rental and mobile asset management software.