Moretonsoft UK is the non-functional arm of Moretonsoft Pty in Australia. The Australian company was set up by two brits Alan Boyd, Robert McFarland and kiwi Ken Edmonds after these three walked out of the US company Visiongateway. Currently all three, plus some 14 others are being sued by Visiongateway in the courts in Brisbane for theft of IP, company property and damage to equipment.
It is claimed that as Moretonsoft Pty, these three in particular along with various Australians, in particular Murray Willson and Tony Fawaz, then started to try to market a product identical to that of Visiongateway.
icnet360 is a new company set up by McFarland, Willson and Fawaz into which the IP of Moretonsoft (for what it is worth) is being transferred, seemingly in an attempt to ditch the substantial debts that Moretonsoft has accrued and to distance themselves from the action being taken by Visongateway.
The 'product' being touted is exceedingly similar in spec and presentation both to the Moretonsoft product that was on presentation (on paper) towards the latter part of 2008, and equally similar to that of Visiongateway. This has led to accusations that the Moretonsoft folk ripped off the Visiongateway product and are now trying to pass the icnet360 product off as something new and original.
Neither Moretonsoft nor icnet360 have actually produced working software and hardware in marketable form. Also, note that you have to register to gain access to the icnet360 site.
Boyd, McFarland and Edmonds pulled a very similar stunt in the UK by setting up a company called Lagmore Consulting, while they were still employed by Saturn IQ. They then transferred employment contracts to Lagmore Consulting and, having decamped to Australia taking with them all of the Saturn IQ source code, attempted to dispose of the Saturn IQ IP for their own personal gain, leaving the shareholders of Saturn IQ out in the cold. There are very strong grounds to believe that the establishment of icnet360 is a repeat of the Lagmore Consulting scam.
Anyone approached to invest in either Moretonsoft or icnet360 should be very careful indeed, as there are serious questions to be answered over the ways in which small investors' funds put into Moretonsoft have been handled.
For a wholly biassed, but accurate, history of the antics of the Moretonsoft folk, view the extensive blogging at www.moretonsoft-crew.com.