RIM pulls bid for security vendor Certicom

21.01.2009

While RIM initially said it was reviewing the court's decision and considering alternatives, including an appeal, on Tuesday the company announced it had withdrawn its offer because conditions of the offer couldn't be satisfied due to the court decision.

RIM already uses Certicom's Elliptic Curve Cryptography technology in its products, but acquiring the company would allow the BlackBerry maker to offer the technology more cost effectively and control its development.