Certicom Corp. Completes Acquisition of Consensus Development Corp.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--July 31, 1998--Certicom Corp. today announced that it has completed the acquisition of Consensus Development Corp. of Berkeley, Calif., in a merger transaction originally announced on July 20, 1998. The transaction officially closed on July 29, 1998. The acquisition of Consensus, the leading supplier of SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. toolkits, involved US$24.5 million, and was comprised of US$3 million in cash, the issuance of 981,419 common shares of Certicom, and the assumption of options relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 428,603 Certicom common shares. "We are pleased to conclude this transaction and officially welcome Consensus into our company," said Philip C. Deck, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Certicom. "We anticipate a very smooth transition in the merger of our operations, and look forward to combining our strengths in pursuit of new opportunities." Gifford Pinchot Gifford Pinchot (August 11 1865 – October 4 1946) was the first Chief of the United States Forest Service (1905–1910) and the Republican Governor of Pennsylvania (1923–1927, 1931–1935). III, chairman of Consensus Development, added, "We have had several opportunities to partner with other firms over the past few years, none of which offered the right combination of technology leadership and cultural fit that Certicom represented. Our collective customers will be the big winners out of this merger." "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. at our customers' enthusiastic response to the merger," said Christopher Allen, president of Consensus and newly appointed CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Certicom. "We are pleased to see how quickly our organizations have begun to align their complimentary skills." About Consensus Development Consensus Development Corp. is a leader in applied security development tools, providing easy-to-integrate security solutions for application and hardware developers. Consensus Development is dedicated to creating security and enabling trust in digital network communications through cryptography and digital certificates. Founded in 1988, Consensus Development's toolkits enable companies to easily deploy public-key based integrity, confidentiality, identity, and authority for their applications. Visit the Consensus Web site at www.consensus.com. About Certicom Certicom is a leading provider of cryptographic technologies for computing and communications companies. Vendors of electronic commerce and digital communications products are integrating and deploying Certicom's technology across a wide range of operating environments and devices to build the strongest, most efficient security into software, smart card and wireless applications. As information security architects, Certicom's teams of cryptographers, engineers, and developers provide comprehensive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and solutions, from advanced cryptographic implementations to consulting for systems integration and development support. Certicom's cryptographic research and product development is based in Toronto, Canada, with worldwide sales and marketing operations in San Mateo. Certicom shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ". Visit Certicom's Web site at www.certicom.com. Certicom is a registered trademark of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders.
CONTACT: Certicom Corp.
Kim Morningstar, 905/507-4220 or 800/561-6100 (in the U.S.)
kmorning@certicom.com
or
A&R Partners for Certicom
Carolyn Federman, 650/363-0982, x223
cfederman@arpartners.com
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