Realm Systems Corporate History
Realm Systems Inc. was founded in 2002, based in Salt Lake City, Utah, raising $8.5 million led by GMG Capital in its Round A, with CEO Rick White, describing itself as "provid\ a next generation Mobile Enterprise Platform that simplifies the delivery of applications and services to end-users across the distributed enterprise."
During 2006, Realm Systems focuses on their iD3 line of products and the K9 product launch was put off indefinitely. In January 2007, two then-unidentified groups containing former Realm Systems employees and investors attempted, independently, to license or move the K9 hardware and software to a separate company to continue development and production, due to the dissolution of Realm Systems and continued developer community interest in the concept, as well as rumored successful pilot programs.
One of Realm Systems' backers then posted a public foreclosure notice, and in a court-supervised foreclosure hearing a number of investors bid on the company's assets in a closed bid. As a result, all of Realm's assets, including the iD3 and K9-series hardware, their operating systems, and the enterprise management router code, were bought out by a new firm, Echo Identity Systems, which was registered as a Salt Lake City company on February 1, 2007. This company claimed to be continuing the enterprise product line, and re-used nearly all of the old Realm Systems website layout and graphics. No mention of the K9 product line was made anywhere on the Echo Identity Systems website. The former Realm Systems website redirected iD3 and BlackDog customers to a transitional support website informing about the asset change, Realm Systems closing, and that product support would be done by Echo Identity Systems (though no explanation as to the extent of the support is provided).
It appears that assets were soon bought back from Echo Identity Systems to a group of investors backed by former Realm Systems employees and investors. Based on unconfirmed community reports (September 2007), it appears new developer prototypes of the K9 have been seeded to the Project BlackDog contest winners. In November 2007, the new owners emerged as Inaura Inc, with CEO and president Peter Bookman, who is one of the original co-founders of Realm Systems. CFO of the new company is Rodney Rasmussen, who had both registered Echo Identity Systems and Inaura as a Utah company . They set up a sparse web site lacking specific product descriptions. Inaura Inc. describes itself as "formerly known as" Real Systems Inc. and Echo Identity Systems expired as a company in June 2008.
In 2008, the Aurora Inc. website was updated to provide details on the company and product. The K9 device is now being branded as the K9 Ultra Mobile Authentication Key (UMAK) and marketed as "solving the problem of trust within all computing environments". It refers to "the two iterations of UMAKs" as "the K9 and the BlackDog"
The K9 product seems to have been publically sold since early 2009.
In February 2010, the company name expired "failing to file for renewal" and was only re-registered September 2011.
Read more about this topic: Black Dog
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