RIM has had its eyes on Mississauga based cryptology company Certicom for some time now. In December 2008 RIM filed its formal bid for the cryptology company offering $1.50 cash per share. However, RIM was not the only company bidding on Certicom, California based VeriSign Inc. worked out a friendly takeover of the company for $2.10 a share. Yesterday RIM made an offer of $3.00 a share, which Certicom has until February 12th to accept. Certicom’s shares closed at $3.20 yesterday, up 36.2%.
Certicom was founded in 1985 by three professors from the University of Waterloo. The company holds over 350 patents covering a variety of security, cryptology, and software optimization technologies. RIM began using Certicom technology in its Blackberry’s in 2000, and the two companies have been in merger discussions since 2007.
BlackBerry (Research In Motion) is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile... [more]
With a wide range of award-winning software and hardware solutions, Certicom Corp (TSX: CIC) protects billions of dollars worth of content and... [more]
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...[more]
