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Apple Buys AuthenTec for $356 Million

By - Source: Tom's Hardware US | B 22 comments

Apple celebrates the weekend by purchasing a fingerprint sensor company.

Earlier this week, Apple announced third quarter financial results that missed analyst expectations. Still it seems the company isn't letting something as small as that get in the way of things. On Friday it emerged that the Cupertino-based Apple had purchased fingerprint sensor company AuthenTec for over $350 million.

Business Week writes that AuthenTec is a network and mobile security company that makes fingerprint sensors. These sensors can then be used by corporations to secure access to their networks. With BYOD (bring your own device) becoming increasingly popular, such technology would be a valuable asset for Apple. 

Apple's plans to buy the company were revealed because of an 8-K filed by AuthenTec. This filing dates the deal as having taken place on Thursday, July 26. The cash deal is worth $8-per-share or $356 million. Reuters reports that Apple is paying a a 58 percent premium for the company. According to TheNextWeb, AuthenTec already has deals with Alcatel-Lucent, Cisco, Fujitsu, HBO, HP, Lenovo, LG, Motorola, Nokia, Orange, Samsung, Sky, and Texas Instruments.

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Top Comments
  • 19 Hide
    sixdegree , July 29, 2012 2:18 PM
    This only means one thing: iFinger.
  • 14 Hide
    bri88 , July 29, 2012 2:32 PM
    Just another thing for iCrap to use to sue others, watch you will see.
Other Comments
  • 7 Hide
    Old_Fogie_Late_Bloomer , July 29, 2012 1:37 PM
    Man, I'm not sure I see Apple blemishing their pristine aluminum slabs with a fingerprint scanner... :-P
  • 19 Hide
    sixdegree , July 29, 2012 2:18 PM
    This only means one thing: iFinger.
  • 14 Hide
    bri88 , July 29, 2012 2:32 PM
    Just another thing for iCrap to use to sue others, watch you will see.
  • -2 Hide
    zeratul600 , July 29, 2012 2:46 PM
    damn how come we didnt know 75% stock price increased after the sale!
  • 0 Hide
    davewolfgang , July 29, 2012 3:50 PM
    So bets for a lawsuit on any OTHER company that uses fingerprint readers - because this company has some obscure patents (that never should have been approved in the first place)??????

    Anyone?

    Bueller?


    Bueller??
  • 2 Hide
    Th3pwn3r , July 29, 2012 4:34 PM
    Bri88Just another thing for iCrap to use to sue others, watch you will see.


    Watch out, you'll get down voted by the Apple fanboys.
  • -1 Hide
    bri88 , July 29, 2012 5:12 PM
    On no icrap fans, throw them back on the band wagon thats headed to sue land (posted from Asus transformer prime)
  • 1 Hide
    chazbeaver , July 29, 2012 6:25 PM
    Hey look, Apple is going to use fingerprint scanners, let's all get angry.
  • 5 Hide
    jojesa , July 29, 2012 6:47 PM
    sixdegreeThis only means one thing: iFinger.

    The middle one I hope :) 
    In a serious note, I do hope Apple won't start a wave of lawsuits against companies that use technology from Authentec.
    Watch out Samsung, Apple might already know that you rely on Authentec VPN security in Android smartphones and tablets.
    The Apple is out to getcha
  • 3 Hide
    A Bad Day , July 29, 2012 6:52 PM
    I recall Mythbuster busting an 'unbreakable' fingerprint security system with a glove...
  • 8 Hide
    MrMakapuu , July 29, 2012 7:45 PM
    Better chop off one of your fingers and stick up your ass for safe keeping!
  • 0 Hide
    everlast66 , July 29, 2012 8:10 PM
    sixdegreeThis only means one thing: iFinger.


    iFinger ... ... android users!
  • 4 Hide
    _Cubase_ , July 29, 2012 11:28 PM
    So does this mean I can now finger Siri?
  • -2 Hide
    f-14 , July 29, 2012 11:34 PM
    hmmm let apple develop the security into further and better integration than microsoft had, if it fails oh well even microsoft failed at it, if it's better and works great apple patents it, microsoft swoops in and buys apple and pretends to compete against itself while fixing 1 major security issue. :D 
  • 1 Hide
    back_by_demand , July 29, 2012 11:36 PM
    J Edgar Hoover and Apple now have something in common, a secret plan to fingerprint everyone in the USA without their permission
  • 0 Hide
    AndrewMD , July 30, 2012 2:01 AM
    Th3pwn3rWatch out, you'll get down voted by the Apple fanboys.



    Apple buys another company, they are no different than if Cisco purchased this same company. However, I don't see Apple using this technology in their computers (at least not integrated). But for the other company, the investors are VERY VERY HAPPY... I would be too if another company thought highly of our work to buy us out.. At the end of the day those people just made over 350 millions dollars!
  • 1 Hide
    leongrado , July 30, 2012 3:05 AM
    Th3pwn3rWatch out, you'll get down voted by the Apple fanboys.


    Apple fanboys don't come onto Tom's Hardware. You can probably guess why.
  • 0 Hide
    hrhuffnpuff , July 30, 2012 3:07 AM
    back_by_demandJ Edgar Hoover and Apple now have something in common, a secret plan to fingerprint everyone in the USA without their permission


    Well they do have something in common they both dress in drag and talk like girls....
  • 1 Hide
    adarshv , July 30, 2012 4:18 PM
    A Bad DayI recall Mythbuster busting an 'unbreakable' fingerprint security system with a glove...


    I think there was a photocopy of a finger in there somewhere... :) 
  • 0 Hide
    theconsolegamer , July 30, 2012 4:21 PM
    I can smell the lawsuits from Apple incoming.
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