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R.I.M. Wins Deal for Certicom (New York Times - DealBook) - Feb 11, 2009

Digital encryption technology company Certicom said on Tuesday it had agreed to be acquired by BlackBerry maker Research In Motion for 3 Canadian dollars ($2.41) a share in cash, after a rival bidder backed down. Certicom has about 43.7 million shares outstanding, making the deal worth about 131 million Canadian dollars ($105.1 million), The Associated Press said. In December, R.I.M launched a hostile bid for Certicom at 1.50 Canadian dollars per share. 
 
Share:  Digital encryption technology company <span class="company">Certicom</span> said on Tuesday it had agreed to be acquired by BlackBerry maker Research In Motion for 3 Canadian dollars ($2.41) a share in cash, after a rival bidder backed down. Tweet this 

Certicom Receives New Takeover Bid from RIM (New York Times - DealBook) - Feb 04, 2009

Certicom said it received a second takeover bid from Research In Motion, this one for for 3 Canadian dollars a share, in what could lead to a bidding war with rival VeriSign. In a news release Tuesday, Certicom, which had previously accepted an offer of 2.10 Canadian dollars a share from VeriSign, said a special committee of its board is reviewing the new bid. If Certicom, a Canadian maker of encryption software, accepts the Research In Motion bid, VeriSign would have five days to improve its offer. 
 
Share:  Certicom said it received a second takeover bid from Research In Motion, this one for for 3 Canadian dollars a share, in what could lead to a bidding war with rival VeriSign. In a news release Tuesday, Certicom, which had previously accepted an offer of 2.10 Canadian dollars a share from VeriSign, said a special committee of its board is reviewing the new bid. If Certicom, a Canadian maker of encryption software, accepts the Research In Motion bid, VeriSign would have five days to improve its offer. Tweet this 

Plenty of reasons for RIM to bid again for Certicom (FP Trading Desk) - Jan 26, 2009

"We believe there is a reasonable chance of RIM coming back with a higher friendly offer for Certicom and so expect the stock price to modestly exceed VeriSign's offer," said Canaccord Adams analyst Dushan Batrovic. Certicom closed at $2.34 on Friday, up 40% on the day. Mr. Batrovic does not expect much more than 10¢ to 30¢ of upside. However, he did note that RIM has plenty of reasons to respond with another bid. 
Dushan Batrovic
Dushan Batrovic
   
Share:  "We believe there is a reasonable chance of RIM coming back with a higher friendly offer for <span class="company">Certicom</span> and so expect the stock price to modestly exceed VeriSign's offer," said Canaccord Adams analyst <span class="analyst">Dushan Batrovic</span>. Tweet this 

Surprise: VeriSign Buys Certicom For More Than What RIM Was Willing To Pay (mocoNews.net) - Jan 23, 2009

After Research In Motion's hostile takeover attempt of Certicom, a Canadian mobile encryption company, ended with a court granting a permanent injunction against the offering, another bidder came out of the woodwork and offered more than what the Blackberry-maker was willing to pay. VeriSign ( NSDQ: VRSN ) said it will pay about CDN $92 million ($73 million) to acquire all of the outstanding shares of Certicom. That beats the CDN $52 million that RIM ( NSDQ: RIMM ) offered to Certicom shareholders in its hostile takeover attempt. 
MoCo News analyst
MoCo News analyst
   
Share:  After Research In Motion's hostile takeover attempt of Certicom, a Canadian mobile encryption company, ended with a court granting a permanent injunction against the offering, another bidder came out of the woodwork and offered more than what the Blackberry-maker was willing to pay. VeriSign ( NSDQ: VRSN ) said it will pay about CDN $92 million ($73 million) to acquire all of the outstanding shares of Certicom. That beats the CDN $52 million that RIM ( NSDQ: RIMM ) offered to Certicom shareholders in its hostile takeover attempt. Tweet this 

VeriSign buys Certicom to trump RIM (Between the Lines) - Jan 23, 2009

VeriSign said Friday it won a tug of war with Research in Motion over Certicom, a small company with public key encryption technology. In a statement . , VeriSign said it would buy Certicom for the equivalent of $1.67 a share, a 26 percent premium to where Certicom traded on the Toronto Stock Exchange. 
 
Share:  VeriSign said Friday it won a tug of war with Research in Motion over Certicom, a small company with public key encryption technology. In a statement . , VeriSign said it would buy Certicom for the equivalent of $1.67 a share, a 26 percent premium to where Certicom traded on the Toronto Stock Exchange. Tweet this 

Research In Motion Drops Certicom Bid (WSJ.com: What's News Technology) - Jan 20, 2009

Mr. Rhee said he believes Certicom will end up being acquired for C$2 to C$2.50 a share. Canaccord Adams' Dushan Batrovic said in a note Tuesday that he believes Certicom will ultimately end up being acquired by RIM in a friendly offer in the C$2-C$3 range.  
Dushan Batrovic
Dushan Batrovic
   
Share:  Canaccord Adams' <span class="analyst">Dushan Batrovic</span> said in a note Tuesday that he believes <span class="company">Certicom</span> will ultimately end up being acquired by RIM in a friendly offer in the C$2-C$3 range. Tweet this 

The technology is used to encrypt and decrypt electronic data transmitted across insecure networks, such as the Internet. RIM is a long-time Certicom licensee and Certicom's patented ECC technology is a big reason why governments and businesses consider RIM's BlackBerry smartphone a secure communication channel, said Blackmont Capital analyst Lawrence Rhee. Certicom has opened a data room in hope of securing a fair bid from a third party. 
Lawrence Rhee
Lawrence Rhee
   
Share:  RIM is a long-time <span class="company">Certicom</span> licensee and <span class="company">Certicom</span>'s patented ECC technology is a big reason why governments and businesses consider RIM's BlackBerry smartphone a secure communication channel, said Blackmont Capital analyst <span class="analyst">Lawrence Rhee</span>. Tweet this 

RIM not alone in hunt for Certicom (The Globe and Mail - Report on Business News) - Dec 04, 2008

RIM's proposed takeover could have been motivated by a desire to charge competitors for royalties, a reluctance to continue paying licensing fees to Certicom or a plan to improve its competitive advantage against other smart-phone makers, said Canaccord Adams analyst Peter Misek. ?This is clever,? he said. ?Any of those three scenarios seem pretty good to me.? . 
Peter Misek
Peter Misek
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  RIM's proposed takeover could have been motivated by a desire to charge competitors for royalties, a reluctance to continue paying licensing fees to <span class="company">Certicom</span> or a plan to improve its competitive advantage against other smart-phone makers, said Canaccord Adams analyst <span class="analyst">Peter Misek</span>. Tweet this 

RIM's $1.50 Certicom bid just the beginning (Wellington Financial Blog - News, Views & Purviews) - Dec 03, 2008

It isn't like I have any particular insight into what's going on with the Research In Motion (RIM:TSX, RIMM:Q) hostile bid for Certicom (CIC:TSX). But I can do math (the poison dwarf mightn't agree with that view btw). A $66 million bid for a $26 million run rate revenue software security IP-heavy company with $33 million in cash on hand just isn't the last word. 
Mark McQueen
Mark McQueen
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.  
Share:  It isn't like I have any particular insight into what's going on with the Research In Motion (RIM:TSX, RIMM:Q) hostile bid for Certicom (CIC:TSX). But I can do math (the poison dwarf mightn't agree with that view btw). A $66 million bid for a $26 million run rate revenue software security IP-heavy company with $33 million in cash on hand just isn't the last word. Tweet this 

RIM makes hostile bid for Certicom (Financial Post, Canada) - Dec 03, 2008

Annual revenue fell from $21-million in 2007 to $16-million this year and the company had begun to shift its focus from licensing its software to leveraging its 450 patents to negotiate settlements for possible infringement cases. "A lot of RIM's success with enterprise and government customers is because of its security ..you can point at Certicom's technology for that," said Blackmont Capital analyst Lawrence Rhee. "So instead of having it acquired by someone else, why shouldn't RIM just acquire it and have the rights to its patent portfolio?" . Other suitors, such as IBM and Sony Corp may also emerge to purchase the company, added Mr. Rhee. 
Lawrence Rhee
Lawrence Rhee
   
Share:  "A lot of RIM's success with enterprise and government customers is because of its security ..you can point at <span class="company">Certicom</span>'s technology for that," said Blackmont Capital analyst <span class="analyst">Lawrence Rhee</span>. Tweet this 

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