Apple acquires mobile security firm AuthenTec for $356 million

29 Jul

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Mobile and network security provider AuthenTec (AUTH) on Friday announced that it has been acquired by Apple(AAPL). Apple has agreed to acquire the company for $8 per share, or approximately $356 million. “AuthenTec is a leading provider of mobile and network security,” the company, which currently provides Android security solutions to Samsung (005930), says on its website. “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.” Apple has not yet confirmed the acquisition, but it will seemingly look to bolster security on its iPhone and iPad as the devices continue to gain ground in the enterprise market. AuthenTec closed at $5.07 on Thursday and pre-market trading on Friday had been halted as of the time of this writing.

 

http://www.bgr.com/2012/07/27/apple-authentec-acquisition-security/

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