News StoriesSports StoriesToday StoriesBusiness StoryOpinion StoriesWeekly SectionsClassifiedsContact Us
    LFP Home  | Business Monday  | Careers

Subscribe to the London Free Press



London Free Press Business Section:


 



Certicom shares soar with Motorola deal



CRAIG WONG, CP   2004-01-08 03:39:37  



TORONTO -- Shares in Certicom Corp. soared nearly 35 per cent yesterday after the wireless security firm announced cellphone giant Motorola is embedding Certicom's technology into its handsets. Certicom shares (TSX:CIC) jumped 99 cents, or 34.5 per cent, to $3.86 after the companies announced Certicom's MovianVPN security technology will be in Motorola's A760 Smartphone.

The deal marks "the first time the world's No. 2 handset maker has embedded virtual private-network security into its handsets," Certicom said.

"We're pleased to be expanding our relationship with Certicom," said Samuel Li, a Motorola executive with the SmartPhone product group.

"The security built into our new phone is transparent to users, yet it enables them to access critical information and applications on their enterprise networks without concern for security risks."

The new Motorola phone first will be available in Asia.

The technology will allow business users to read their e-mails, browse intranets and access databases within a corporate network that would otherwise be unavailable.

"It creates a secure tunnel from your phone, in this particular case to a VPN gateway . . . so all traffic that flows from the enterprise network to your phone is secure, confidential and the data cannot be altered -- and it's also authenticated," Certicom spokesperson Brendan Ziolo said.

Shares in Certicom more than doubled in October last year after the firm announced it had sold the non-exclusive licensing rights to its encryption technology to the U.S. National Security Agency for $25 million US.

That deal, the biggest contract ever for Certicom, boosted the wireless firm's second-quarter earnings to $22.3 million US.


Copyright © The London Free Press 2001,2002,2003





Sections:
News | Sports | Business | Today | Opinion | Weekly Sections | Classifieds

Important Links:
Place an Ad | Subscribe | Become a Carrier | Email Directory | Customer Service
Comments | Terms and Conditions | Privacy Statement

CANOE Your Internet Network CNEWS


The Next London.  You're Invited!

Places of Worship

Auto  Seller

London this Week Auto Market

Hot Jobs

Movie Listings on Jam!

Career connection

Homes

London Pennysaver

London This Week