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Certicom Licenses Intellectual Property to Research In Motion

Monday 3 May 2004 09:36 CET | News

Research In Motion (RIM) has licensed Carticoms Security Builder Crypto toolkit and Elliptic Curve Cryptography (ECC)-based intellectual property from Certicom. This agreement allows RIM to extend its existing ECC-based security from Certicom in its BlackBerry offerings.Implementing secure, wireless solutions is a top priority for most IT executives. BlackBerry has become popular in many government and enterprise organizations because it provides secure, integrated, push-based access to important communications and information. Since 2000, RIM has been using Certicoms Security Builder developer toolkits, and in particular its strong and efficient ECC libraries, to enhance security for the BlackBerry wireless platform. ECC provides the most security per bit of any known public-key scheme. This results in faster computations, lower power consumption, as well as memory and bandwidth savings. Last year, the National Security Agency (NSA) purchased extensive licensing rights to Certicoms ECC-based intellectual property, validating ECCs strength and leading the way to future adoption. Under the agreement, RIM will pay a one-time US$3.5 million Intellectual Property license fee, entitling them to deploy a fixed number of seats. The agreement provides for additional revenue through royalties once RIM exceeds the prepaid number of seats. Certicom will be recognizing the license revenue over three years starting in the first quarter of fiscal 2005 which begins on May 1, 2004.

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Categories: Payments & Commerce | Payments General
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