RIM Likely to Acquire Certicom Following VeriSign Dropping Out of Bidding

Web security company VeriSign has dropped out of the bidding for encryption agency Certicom, leaving Research in Motion’s $3.00/share offer to be the only one standing. Certicom is “expected to approve the RIM Offer”, and good for them – they played hardball and got twice as much as the initial bid. What RIM does with Certicom will probably be nothing especially exciting, since RIM already deals with them regularly for BlackBerry (NSDQ: RIMM) jobs, but wholly owning the company ensures that they’ll keep a grip on Certicom’s elliptic curve cryptography techniques.

[via Certicom]