Apple Acquires AuthenTech, Fingerprint Sensor Chips Company For $356 Million At $8 Per Share Price

Posted on Jul 27 2012 - 12:05pm by Editorial Staff

Apple this morning announced that it has entered into an agreement with mobile security firm AuthenTec Inc, the company which makes fingerprint sensor chips used in personal computers, reports Reuters. The Cupertino-based giant agreed to buy AuthenTec for about $356 million, at $8 per share price.

From Authentec Inc’s website:

AuthenTec is a leading provider of mobile and network security. 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 encryption technology, fingerprint sensors and identity management software are deployed by the leading mobile device, networking and computing companies, content and service providers, and governments worldwide. AuthenTec’s products and technologies provide security on hundreds of millions of devices, and the Company has shipped more than 100 million fingerprint sensors for integration in a wide range of portable electronics including over 15 million mobile phones.

Top tier customers include Alcatel-Lucent, Cisco, Fujitsu, HBO, HP, Lenovo, LG, Motorola, Nokia, Orange, Samsung, Sky, and Texas Instruments.

(Image Source: Apple logo, Featured Image)

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