Certicom Receives Notification from VeriSign that it Will Not Match RIM Offer
Under the arrangement agreement between VeriSign and Certicom (the “VeriSign Agreement”), VeriSign had agreed to acquire all of the issued and outstanding shares of the Company at a cash price of
A meeting of Certicom’s Board of Directors will be convened later today at which it is expected to approve the RIM Offer. If the Board of Directors approves the RIM Offer, Certicom will be in a position to enter into an arrangement agreement with RIM as contemplated by the RIM Offer after Certicom has made payment of a
Certicom manages and protects the value of content, applications and devices with government approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom’s security offerings are currently licensed to hundreds of multinational technology companies, including IBM, General Dynamics, Motorola, Oracle and Research In Motion. Founded in 1985, Certicom’s corporate offices are in
SOURCE Certicom Corp.