Apple to acquire AuthenTec for $356 million

Updated

Apple has entered into an agreement to purchase mobile security firm AuthenTec. Reuters reports that the deal—worth $8 per share, or roughly $356 million—was disclosed in an SEC filing. AuthenTec makes mobile security software and chips for mobile phones, as well as chips for fingerprint recognition and near-field communication (NFC), the latter being a technology that has been repeatedly speculated upon in Apple’s upcoming devices. AuthenTec currently counts Apple competitors such as Samsung, Lenovo, Dell, and Fujitsu as customers.

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Charles Starrett

Charles Starrett was a senior editor at iLounge. He's been covering the iPod, iPhone, and iPad since their inception. He has written numerous articles and reviews, and his work has been featured in multiple publications.