MISSISSAUGA, ON, Jan. 8 /CNW/ - The Board of Directors of Certicom Corp.
(TSX: CIC) (the "Company") today announced that it has appointed Karna Gupta
as Chief Executive Officer and a member of the Board of Directors, effective
January 21, 2008, replacing Mr. Bernard Crotty, currently serving as President
and Chief Executive Officer on an interim basis. Mr. Crotty will remain on the
Board of Certicom. The Board of Directors also announces that Mr. Jeffrey S.
Chisholm currently acting as Lead Director becomes Chairman of Certicom
"The Board is delighted to welcome a seasoned executive like Karna Gupta
to lead the company in the execution of its growth strategy," said Jeffrey S.
Chisholm, Chairman. "Karna is a proven innovator and strategic thinker with an
impressive track record of developing and delivering next-generation software
solutions to key markets, including mobility, enterprise and service
providers. He has excelled at growing businesses globally and has built
impressive customer relationships in North America, Europe and Asia. The Board
also wishes to thank Mr. Crotty for his leadership and direction during this
Mr. Gupta most recently held the role of President for the Real-Time
Billing Division of Comverse Technologies in New Jersey. In this role, he held
profit and loss responsibility and managed all aspects of the product
division, including developing the latest solutions for service providers,
managing a globally-distributed workforce and serving a global customer base.
His previous role in Comverse was Chief Marketing Officer for Comverse
Americas. He also held the roles of the Business Development and CTO reporting
Prior to his tenure with Comverse, Mr. Gupta held several executive
leadership positions with Bell Canada, including Vice President, Product
Development and Management. He was responsible for Competitive Network
Services and under his leadership Bell Canada became a recognized world leader
in Enhanced Services.
"Certicom is a dynamic company with strong potential and an important
role to play as the leader in next-generation security solutions," said Mr.
Gupta. "As the global leader in Elliptic Curve Cryptography, its emerging
portfolio of complete security solutions is being embraced by industry leaders
such as Bally Technologies and Texas Instruments. With our strong financial
foundation Certicom is able to drive the global adoption of ECC, develop and
defend our powerful portfolio of intellectual property and continue to meet
the evolving needs of the marketplace."
Mr. Gupta holds a Bachelor of Commerce degree and a Master of Business
Administration degree in Marketing and Finance from Concordia University in
Montreal, Quebec. He has also attended executive development programs at Duke
University, Harvard, MIT and the University of Western Ontario.
Certicom protects the value of content, applications and devices with
government-approved security. Adopted by the National Security Agency (NSA)
for government communications, Elliptic Curve Cryptography (ECC) provides the
most security per bit of any known public-key scheme. As the global leader in
ECC, Certicom security offerings are currently licensed to more than
300 customers including General Dynamics, Motorola, Oracle, Research In Motion
and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga,
Ontario, Canada with worldwide sales and marketing headquarters in Reston,
Virginia and offices in the U.S., Canada, Europe and China. Visit
Certicom, Certicom Security Architecture, Certicom Trust Infrastructure,
Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API,
Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security
Builder GSE, Security Builder IPSec, Security Builder NSE, Security Builder
PKI and Security Builder SSL are trademarks or registered trademarks of
Certicom Corp. All other companies and products listed herein are trademarks
or registered trademarks of their respective holders. Information subject to
Except for historical information contained herein, this news release
contains forward-looking statements that involve risks and uncertainties.
Forward-looking information includes information concerning the Company's
future financial performance, business strategy, plans, goals and objectives.
When used in such documents, the words "plans", "expects", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", "will",
"believes" or variations of such words and phrases often, but not always,
identify forward looking statements. Factors which could cause actual results
or events to differ materially from current expectations include, among other
things: the ability of the Company to successfully implement its strategic
initiatives and whether such strategic initiatives will yield the expected
benefits; the ability of the Company to develop, promote and protect its
proprietary technology security breaches or defects in the Company's products;
competitive conditions in the businesses in which the Company participates;
changes in consumer spending; the outcome of legal proceedings as they arise;
general economic conditions and normal business uncertainty; consolidation in
the Company's industry and by its customers; customer preferences towards
product offerings; the risk that customers may cancel their contracts with the
Company; reliance on a limited number of customers; demand for ECC-based
technology; performance of the Company's management team and the Company's
ability to attract and retain skilled employees; operating the Company's
business profitably; fluctuations in revenue and foreign currency exchange
rates; interest rate fluctuations and other changes in borrowing costs; the
ability to develop and maintain strategic relationships; and other factors
identified under the heading "Risk Factors" in the Company's annual
information form dated July 26, 2007 and filed on SEDAR at www.sedar.com.
For further information:
For further information: Investors and Financial Analysts: Hervé Séguin,
Chief Financial Officer, Certicom Corp., (905) 501-3827, firstname.lastname@example.org;
Media: John Callahan, Director, Public Relations & Marketing Communications,
Certicom Corp., (703) 234-2357, email@example.com; www.certicom.com