In 2003 when Howard and I coined the name for our company, iotum, our original business plan was to build a small device combining a router, VoIP telephony, and WiFi. Hence the name “iotum” — an “iota” being the smallest thing either of us could think of. Ultimately we abandoned that plan, as developing hardware quite definitely didn’t play to either of our strengths.
Source: Calliflower