Research In Motion Completes Acquisition of Certicom
Waterloo, ON - Research In Motion Limited (“RIM”) (Nasdaq: RIMM; TSX: RIM) has today completed its acquisition of Certicom Corp. (“Certicom”) (TSX: CIC) at a cash price of Cdn$3.00 per outstanding Certicom common share.
“Certicom’s technology and expertise complement RIM’s business and the industry leading BlackBerry® platform,” said Jim Balsillie, Co-CEO of RIM. “This acquisition further demonstrates our focus on delivering the best solutions for security-conscious businesses and government organizations around the world.”
“We have been working with RIM for many years and we’ve seen the tremendous results that our combined technologies have produced,” said Karna Gupta, CEO of Certicom, now a wholly-owned subsidiary of RIM. “By joining the RIM team, Certicom has an even greater opportunity to build on its strong foundation of delivering world-class security solutions across all our market verticals.”
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