Certicom Shareholders Approve RIM’s Takeover Bid

Posted by Henry Finn on 2009-03-19 11:14:00 AM

   RIM’s $132 million dollar takeover bid for Missussaua based encryption company Certicom has been approved by shareholders yesterday. RIM has previously increased its offer from $1.50 to $3.00 a share after VeriSign Inc. entered the bidding with a $2.10 per share offer. 95% of Certicom shareholders voted in favor of accepted RIM’s most recent offer. It seems unlikely there will be any last minute bids for the company and the purchase should be closed by Monday.

   RIM has used Certicom’s software for encryption in its Blackberry smart phones for years. Its expected that the Certicom takeover will offer RIM significant cost savings and additional revenue through the licensing of Certicom’s cutting edge encryption software.

Company:
Research In Motion
Website:
http://www.rim.net
Location:
Waterloo, Ontario, Canada

BlackBerry (Research In Motion) is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM's portfolio of award-winning products are used by thousands of organizations around the world and include the BlackBerry® wireless platform, software development tools, and software/hardware licensing agreements. more

Company:
Certicom
Website:
http://www.certicom.com
Location:
Mississauga, Ontario, Canada

With a wide range of award-winning software and hardware solutions, Certicom Corp (TSX: CIC) protects billions of dollars worth of content and millions of devices around the world. With over 350 patents and patents pending worldwide covering key aspects of Elliptic Curve Cryptography (ECC), Certicom provides the core technology for the National Security Agency (NSA) Suite B standard for secure government... more


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Henry Finn

Henry Finn

Henry Finn is Techvibes Community Manager for the Kitchener-Waterloo area. Henry is a recent graduate from the University of Waterloo where he majored in Economics and minored in Management, East Asian Studies, and International Studies. He is looking forward to showcasing some of Waterloo's latest tech startups and providing readers with an in depth informative read. Currently Henry is... more



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