According to a 139-page 10K form filed today, Apple is acquiring a 230-employee mobile security company called “AuthenTec” for $356 million. Apple’s $8 per-share offer is at a pre…
The company owns 200 patents covering fingerprint sensors and sensor packaging, software, and end use. AuthenTec makes a variety of security tools, including a number of fingerprint scanners like the ones on the Motorola Atrix phone sold by AT&T, and it is responsible for the security behind the HBO Go app. The products range from secure networking and content and data protection to access control and fingerprint security on PCs and mobile.
Apple could use Authentec’s products in wallet applications, or just as a secure authentication mechanism for future products, which many businesses demand.
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