Apple buys security company AuthenTec Inc for $365 million

By: on 7.27.12
AuthenTec

AuthenTec

Mobile and network security company AuthenTec Inc announced this morning that it has been acquired by Apple for $8 a share, which equates to $356 million (in cash). News of the deal comes from a 8-K filed by AuthenTec, which says that it has entered an Intellectual Property and Technology Agreement with Apple yesterday, allowing the Cupertino company to acquire non-exclusive licenses to Authentec’s hardware and software technologies, as well as its patent portfolio. AuthenTec prides itself on offering secure networking, content and data protection, also offering fingerprint security on PC and mobile devices. Read the full story at USA Today.

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Shelly Palmer

Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).

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