SOURCE: Arkami, Inc.

Arkami, Inc.

April 23, 2013 10:00 ET

Arkami™, Creator of myIDkey™, Announces Benjamin Chen as CEO to Lead Password Management Innovator as It Prepares for Worldwide Product Launch

Chen, Former Founder and CEO of Mochila, Will Direct Company Efforts for Bringing the Award-Winning Biometric Password Device to Market Later This Year

ALISO VIEJO, CA--(Marketwired - Apr 23, 2013) - Arkami™, creator of myIDkey™, today announced the appointment of Benjamin Chen as Arkami's chief executive officer. Mr. Chen, currently Arkami's executive chairman, brings more than 25 years of technology and business leadership in working with fortune and venture-backed organizations across a variety of markets including media, advertising, cloud and infrastructure. He trades positions with Arkami's founder, Tareq Risheq, who will now be the executive chairman.

"We are very pleased to add Benjamin's experience and leadership to the Arkami team," said Mr. Risheq. "His results-oriented approach and ability to think strategically will play a pivotal role in guiding our award-winning myIDkey; to be the industry standard for solving identity and password management issues."

Arkami recently unveiled myIDkey in January at the Consumer Electronics Show (CES) in Las Vegas, where it won three innovation awards in the categories of Computer Peripherals, Accessories and Personal Electronics. myIDkey stores all of your passwords and critical information on a portable Bluetooth / USB device. Unlocked with the swipe of a finger, myIDkey enables you to voice-search for logins, passwords and ID information on its own OLED screen for quick access while on the go.

myIDkey is also a complete password management system that auto-fills passwords across all frequently used web sites on all personal computers and smart mobile devices. Utilizing myIDkey apps for iPhone and Android, you can easily manage and edit passwords and encrypt select files to protect with your unique fingerprint.

myIDkey recently finished a Kickstarter campaign that sold over 5,000 units in 30 days, making it one of the most successful technology projects ever launched for the consumer market.

"In all my years I've never seen a company get such incredible traction so quickly," said Mr. Chen. "Password and identity management is a common and growing problem; myIDkey solves a critical pain point, not only for consumers but for businesses as well. We've been approached by many companies globally wanting to resell as well as partner for a number of business applications."

Mr. Chen has experience in leading companies to make them world leaders within their industries. Mr. Chen is a board member of Viggle (VGGL) and has served in the Office of the Chairman. Mr. Chen was founder and CEO of Mochila, a leading content syndication platform. Before founding Mochila, he worked as an external entrepreneur in residence for both JP Morgan and Mission Ventures as well as acted as an advisor conducting due diligence on new business models and technologies for GE Capital. At iXL, a strategic interactive agency (now part of Publicis Groupe), Mr. Chen was the global CTO and CIO responsible for all internal and external technology initiatives, as well as leading the due diligence in the acquisition and integration of over 30 companies, helping grow the company in three years from 60 to 3,000 people, with offices in the US, Europe and Asia. Client engagements included work for AT&T, Delta Airlines, FedEx, GE, Sony and WebMD. He was part of the management team that took iXL public in 1999, with a market capitalization of over $4 billion.

Mr. Chen was founder and CEO of AppGenesys, CTO for Boxtop Interactive and founder and CTO of Ironlight Digital (bought by Publicis Groupe). Mr. Chen also worked at CBS Studio Center as a technologist working on the convergence of prime time television content and the internet. Mr. Chen produced the 1996 Emmy Awards Cybercast.

Mr. Chen is frequently a speaker and panelist to new media, technology and venture conferences. Mr. Chen is a graduate from the University of Southern California and has Black Belts in Tae Kwon Do and Hapkido.

About Arkami, Inc.
Headquartered in Aliso Viejo, California, Arkami, Inc. recognized a familiar pain point in most digital users' lives and manufactured a simple password management device. myIDkey is the first fingerprint, voice-search, secure Bluetooth / USB drive that displays passwords and ID on the go as well as works with smart mobile devices and personal computers. Now passwords and account information is at the tip of your finger.

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