The story
Founded by David Jones in 2002.1
On 7 February 2000, Rage Software announced that it had hired David Jones, the founder of DMA Design, to lead new operations in Scotland for the company. His studio developed the shooter game Mobile Forces. Due to financial issues that arose at Rage Software, the company announced in March 2002 that it would sell the studio to Jones. Jones subsequently renamed the company Real Time Worlds.
From Wikipedia’s article on Realtime Worlds, shared under CC BY-SA 4.0.3