Certicom Corp., a security software development company, said they the board will fully approve the RIM $131-million all-cash bid. This news comes after VeriSign gave notice it would not raise its $92-million offer.
Lately, we’ve been hearing a lot about how RIM’s profits are down even though subscriptions are up. I’m not positive, but I think RIM licenses its security software from Certicom, and this takeover could help improve profit margins, even if just slightly. In any case, it’s nice to see cash flowing in an economy where cash is being sucked into a black hole somewhere on Wall Street.