BlackBerry-maker Research In Motion (RIM) has resurrected its bid to acquire digital encryption company Certicom, by doubling its bid to CAD3 (US$2.4) per share, reports Reuters. The new offer values Certicom at CAD131.1 million and is some 43 percent higher than a rival bid for the company by VeriSign, the Internet security company. According to Reuters, Certicom is reviewing RIM’s new bid with its advisors and will communicate its findings to its shareholders tomorrow. The renewed bid follows a hostile takeover attempt by RIM last December when it offered to acquire all of Certicom’s issued and outstanding shares at CAD1.50 per share. However, a Canadian court ruling last month blocked Certicom shareholders from accepting RIM’s hostile offer.

RIM is understood to be keen to acquire Certicom – a long time customer – to offer extra security features on its BlackBerry e-mail solutions. In a statement last December, Jim Balsillie, RIM’s co-CEO, said that the company had been in discussions with Certicom since February 2007 and launched the hostile bid because it had been “unable to engage Certicom management in a meaningful dialogue to advance the terms of a potential transaction.” He added that RIM has already conducted certain due diligence on the business and saw Certicom as “a natural fit” for RIM.