Apple buys mobile security company for US$356m

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CNET Editor

Seamus Byrne is the Editor of CNET Australia. At other times he'll be found messing with apps, watching TV, building LEGO, and rolling dice. Usually at the same time.

Apple has purchased mobile security company AuthenTec for US$356 million.

Apple's Cupertino HQ.
(Credit: CNET)

As reported be CNET, AuthenTec makes fingerprint sensors and identity management software that is deployed in mobile devices. Earlier this month, Samsung selected AuthenTec to be the power behind the VPN security on its business smartphones and tablets. Other customers include LG, Cisco and Motorola.

Purchased at US$8 per share, the buyout came in at 58 per cent above the company's last closing price.

With increasing deployments of Apple mobile devices into business environments, it's interesting to see Apple get serious about security through an acquisition.

It would also be hard to imagine AuthenTec remaining available to competitive vendors beyond current contractual arrangements.



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