Tech

Apple Buys Mobile Security Company AuthenTec For $356 Million

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Tim Cook
AP

Apple just bought a mobile security firm called AuthenTec for $356 million.

AuthenTec has filed an 8K announcing the news (.PDF).

In the filing it says "AuthenTec cannot comment on Apple's intentions."

AuthenTec most recently made news when it signed a big contract with Apple rival Samsung.

Reuters's Sayantani Ghosh had that story:

The company, which makes fingerprint sensor chips used in personal computers and mobile devices, said Samsung would use its QuickSec Mobile VPN Client product that helps users connect their devices to enterprise networks.

Here are some relevant tweets from the anonymous Apple analyst who goes by the pseudonym "Sammy The Walrus":

  • "AuthenTec: products include secure networking, content and data protection, access control and fingerprint security on PCs and mobile."
  • "AuthenTec: We own 200 patents covering fingerprint sensors and sensor packaging, software, and end use."
  • "With iPhones and iPads carrying so much vital user info, Apple is probably seeing the need for better security. Liking this acquisition."
  • "Apple will be using AuthenTec's tech in its products. Just give it some time. Apple doesn't just buy things to rot." 
  • "Interesting that AuthenTec's biggest clients included almost all of the mobile giants (except Apple)."
  • "AuthenTec has only 230 employees. Nice fit for Apple."
  • "iOS mobile payments (if Apple decides to move forward with it) also seem like a good fit for AuthenTec's tech."

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Nicholas Carlson was Business Insider's global editor-in-chief from 2017 to 2024, overseeing its emergence as a National Magazine Award, Emmy, SABEW, and Pulitzer Prize-winning global news organization with more than 500 journalists reaching 200 million readers and viewers each month.Before that, he was Business Insider's chief correspondent.Carlson is also the author of "Marissa Mayer and the Fight To Save Yahoo!"He was an Executive Producer of "Quiet on Set: The Dark Side of Kids TV," which, during its debut week, was the most-watched television show on any streamer and the most-watched show in Max history.His investigative reporting rewrote the histories of Facebook, Twitter, and Groupon. He also wrote the award-winning features "The Truth About Marissa Mayer: An Unauthorized Biography" and "THE COST OF WINNING: Tim Armstrong, Patch, And The Struggle To Save AOL."Longform.org named "THE COST OF WINNING" the best long-form business story of 2013.Carlson's coverage of Yahoo won Digiday's award for Best Editorial Achievement of the year in 2014.In 2015 Carlson wrote a New York Times Magazine cover story, "What Happened When Marissa Mayer Tried to Be Steve Jobs." It was a finalist for a Mirror Award for best in-depth/enterprise reporting.Carlson began his journalism career at InternetNews.com and then Gawker Media's Valleywag. He went to Davidson College. Disclosure: Nicholas is an investor in private and public companies and adheres to Insider Inc's Conflict of Interest policy, which you can read here.