Apple have agreed to purchase online security firm AuthenTec for $365 Million Dollars. Reported to have $117 Billion Dollars in cash Apple will hardly notice the expenditure and still them with $116.6 Billion and change. Shareholders at AuthenTec are to receive $8 per share.
AuthenTec designs fingerprint sensors and other security services for mobile phones and devices, and Apple playing a far more important role in day-to-day business firms could certainly stand to bolster their security. Many companies use Blackberry’s as company mobiles due to their secure servers, however more and more business’ are taking to using the ‘BYO’ scheme (Bring your own) and with so many iPhone’s in use it could be quite the coup for Apple to move in on RIM’s turf.
Founded in 1998 AuthenTec is a specialist in fingerprint recognition technology. They provide a range of mobile fingerprint recognition security devices for laptops, desktops and mobile phones, as well as gesture based recognition which can detect motions and patterns. The AuthenTec website cites that they have sold over 100 million sensors to date and that their clients include companies such as Nokia, Motorola & Samsung.
Curiously, Samsung announced earlier in the month that they would be using AuthenTec products on their upcoming line of smartphones and tablets. But if Apple have acquired AuthenTec and are currently embroiled in a rather large and complex patent dispute will AuthenTec be able to continue working with Samsung?
Source: New York Times