Blackberry 2009 Annual Report Download - page 67

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to enhance the online experience for mobile, dial and
broadband subscribers, while significantly reducing
bandwidth requirements.
During fiscal 2007, the Company purchased 100% of the
common shares of Ascendent Systems Inc. (“Ascendent”).
The transaction closed on March 9, 2006. Ascendent
specializes in enterprise solutions to simplify voice mobility
implementations and allows the Company to further extend
and enhance the use of wireless communications by offering
a voice mobility solution that helps customers align their
mobile voice and data strategies.
The following table summarizes the estimated fair value
of the assets acquired and liabilities assumed at the date of
acquisition along with prior year’s acquisition allocations:
During fiscal 2008, the Company purchased the assets and
intellectual property of a company. The transaction closed
on November 19, 2007. In addition, the Company purchased
100% of the common shares of a company whose proprietary
software will be incorporated into the Company’s software.
The transaction closed on August 22, 2007.
During fiscal 2007, the Company purchased 100% of the
common shares of a company whose proprietary software
will be incorporated into the Company’s software. The
transaction closed on September 22, 2006.
During fiscal 2007, the Company purchased 100% of
the common shares of Slipstream Data Inc. (“Slipstream”).
The transaction closed on July 7, 2006. Slipstream provides
acceleration, compression and network optimization
For the year ended
February 28,
2009 March 1, 2008 March 3, 2007
Assets purchased
Current assets $ 1,155 $ 23 $ 3,707
Capital assets 494 - 802
Deferred income tax asset 3,097 - 10,440
Acquired technology 31,226 1,035 40,266
In-process research and development 1,919 - -
Patents -960 -
Goodwill 23,117 4,523 80,906
61,008 6,541 136,121
Liabilities assumed 12,583 - 8,597
Deferred income tax liability -341 11,334
12,583 341 19,931
Net non-cash assets acquired 48,425 6,200 116,190
Cash acquired 1,421 1 3,649
Net assets acquired $ 49,846 $ 6,201 $ 119,839
Consideration
Cash $ 49,846 $ 6,201 $ 119,839
The acquisitions were accounted for using the purchase
method whereby identifiable assets acquired and liabilities
assumed were recorded at their estimated fair value as of the
date of acquisition. The excess of the purchase price over
such fair value was recorded as goodwill. In-process research
and development is charged to Amortization expense
immediately after acquisition.
The weighted average remaining amortization period of
the acquired technology related to the business acquisitions
completed in fiscal 2009 is 4.6 years (2008 – 4.6 years).
On February 10, 2009, the Company entered into an
agreement with Certicom Corp. (“Certicom”) by way of
statutory plan of arrangement to acquire all of the issued
and outstanding common shares at a price of CAD $3.00
for each common share of Certicom or approximately CAD
$131 million (approximately $102 million). The transaction
closed on March 23, 2009, subsequent to the Company’s fiscal
2009 year. Certicom technology protects the value of content,
applications and devices with government approved security
using Elliptic Curve Cryptography. The Company has not
provided a preliminary purchase price allocation due to lack
of access to the required information during the unsolicited
bid stage of the offer and the limited amount of time between
the closing date of the transaction and the filing date of these
consolidated financial statements.