Apple’s intention with buying AuthenTec?
July 29, 2012 Leave a comment
Apple’s intention with buying AuthenTec? An exciting question to answer to. What do you think? It has several dimensions of course. One of them I think, like TechCrunch, has to do with iPad and iPhone and the entire iOS environment. I have always said that when Apple starts with biometrics that will be a great news for the biometric users and industry.
Amid fierce smartphone competition between Samsung and Apple that has spilled into a multinational patent battle, it looks like Apple may have opened yet another front on the M&A side: it is buying mobile security company AuthenTec — which had only just signed a deal with Samsung for Android devices — for $356 million.
AuthenTec, among other things, makes fingerprint sensor chips that are used for security and identification purposes; these are embedded in computing devices. The news was first reported by Reuters; the full announcement was filed with the SEC.
Just earlier this month AuthenTec had inked a deal with Samsung to cover security and device management services to cater to the “BYOD” trend — that is, workers taking their own handsets into their enterprise environment. The AuthenTec service would let IT managers quickly secure and authenticate those devices.
Reuters reported the deal as $356 million —…
View original post 442 more words