Research In Motion (RIM) is back in the running for encryption provider Certicom, which announced on Tuesday that the BlackBerry maker outbid VeriSign.

RIM planned to pay $2.44 per outstanding share for Certicom, double what it bid in December. It eventually bowed out of that first offer, only to have VeriSign jump in and up the ante with a $1.67-per-share bid. That deal would have totaled $73 million.

VeriSign now will have a chance to exceed RIM's offer, according to the company.

"If the board of directors determines that the RIM offer does not continue to be a superior proposal, the board will promptly reaffirm its recommendation of the VeriSign arrangement," Certicom said in a news release.

Certicom makes elliptic curve cryptography technology, generally considered a highly efficient form of public-key encryption.

A VeriSign spokeswoman told SCMagazineUS.com that the company was not commenting on the news.

Both RIM and Certicom are based in Canada.