Apple to buy mobile security firm AuthenTec for $356mln

Apple to buy mobile security firm AuthenTec for $356mln

PanARMENIAN.Net - Apple has agreed to acquire mobile and network security firm AuthenTec for $356 million.

According to Mashable, Apple has offered $8 per share, a 58% premium over AuthenTec’s Thursday close price of $5.07.

AuthenTec’s line of products includes smart fingerprint sensors for PCs, smartphones and other products as well as identity management software for individuals and businesses.

The company’s clients include HP, LG, Cisco, Motorola, Nokia and others.

 Top stories
One game includes keeping soccer balls in the air, while another game makes the players virtually swim on the large screen.
The memorandum of understanding will allow for an exchange of technical information and non-operational data related to cybercrime.
Mozilla is setting Yandex as the default search engine in Russia, and the move opens up the firm to work with more local partners
The award of $23.6mln was a tenth of what the firm was claiming: $1 for every infringing device sold, which would have totaled $237mln.
Partner news