View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
January 20, 2009

Takeover blocks Blackberry encryption

RIM’s $53 million offer to Certicom considered under-valued

By Jason Stamper

BlackBerry manufacturer Research In Motion has had its hostile takeover bid for data encryption specialist Certicom has been blocked by the Canadian courts.

RIM tabled a $53 million offer in December to buy the content security software house, which was snubbed as under-valuing the business.

Certicom has now said the Ontario Superior Court of Justice had granted a permanent injunction to block the buyout, because RIM had breached 2007 and 2008 non-disclosure agreements between the two companies.

The proposed acquisition was regarded as being highly strategic for RIM as it would help accelerate take up of the Blackberry device by government and public sector authorities, which insist on hardened security in mobile systems. 

RIM, which may appeal the court order, would still be entitled to make a friendly offer for the Certicom business.

Content from our partners
How businesses can thrive in the age of generative AI
AI is transforming efficiencies and unlocking value for distributors
Collaboration along the entire F&B supply chain can optimise and enhance business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.