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Apple snaps up AuthenTec for $356 million

28 July 2012

It was announced yesterday (27th July) by AuthenTec on their website that they have been bought buy Apple for $8 per share. 

AuthenTec make security products for various devices including mobile and smartphones. “AuthenTec is a leading provider of mobile and network security,” the company says on its website. “Our diverse product and technology offering helps protect individuals and organizations through secure networking, content and data protection, access control and strong fingerprint security on PCs and mobile devices.”

AuthenTec share price was $5.07 on Thursday, the day before the announcement, meaning that Apple paid %58 premium to aquire the company. Other companies and clients using products from AuthenTec are some major industry players; Alcatel-Lucent, Cisco, Fujitsu, HBO, HP, Lenovo, LG, Motorola, Nokia, Orange, Sky, Texas Instruments and interestingly Samsung with whom Apple are having big tussles in court in various regions.

Samsung Authentec VPN

Apple have not yet confirmed the purchase, but would most likely ingrate the products into its own mobile devices to increase security features, which may include fingerprint sensor technology.

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