[ISN] RIM's Certicom takeover bid hits a snag

From: InfoSec News <alerts_at_private>
Date: Wed, 31 Dec 2008 03:02:02 -0600 (CST)

By Nestor E. Arellano 
ITWorld Canada 
22 Dec 2008

It appears the BlackBerry maker will begin the New Year locked in a 
court battle to salvage its $66-million hostile takeover bid for 
encryption technology firm Certicom Corp

With barely two weeks to go before the end of the year, Research in 
Motion Ltd.'s(RIM) $66 million hostile takeover bid for encryption 
specialist Certicom Corp. has hit a snag.

It appears the Waterloo, Ont-based maker of BlackBerry smartphones will 
begin the New Year locked in a court battle to salvage its attempts to 
acquire the Mississauga, Ont-headquartered Certicom after learning that 
Certicom intends to file submissions before the Ontario Supreme Court of 
Justice and the Ontario Security Commission for and injunction and a 
cease trade order respectively preventing RIM from acquiring Certicom 

Certicom is best known for its Elliptic Curve Cryptography (ECC), which 
is used by Motorola, IBM and other customers including military and 
government departments to protect information. Certicom says the 
technology meets U.S. National Security Agency standards. Acquiring 
Certicom will bolster the BlackBerry's security posture and make the 
handset more attractive to government buyers.


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Received on Wed Dec 31 2008 - 01:02:02 PST

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