Apple bulks up mobile security with $356M AuthenTec buy

Apple is getting critical about cellular basic safety.

The Cupertino, Calif., corporation has agreed to acquire basic safety engineering corporation AuthenTec for $356 million, according with a filing aided by the Securities and Change Commission rate built by AuthenTec.

The $8-a-reveal provide for AuthenTec represents a 58 p.c top quality above its Thursday closing cost of $5.07.

CNET contacted Apple for remark. We’ll update the story when the company responds. An AuthenTec spokesman confirmed the cope but stated it wouldn’t be including any a lot more detail.

Apple is just the latest corporation so you can get swept up inside the escalating attention in phone protection. With rising experiences of cell malware, viruses, and other threats, the wi-fi business has stepped up its defenses. Carriers for instance AT&T and Sprint Nextel are progressively discussing security as the next major services, although a quantity of cell safety firms have sprung up in current many years.

AuthenTec helps make fingerprint sensors and identification administration software that’s deployed in phone devices, computing and networking firms, program services, and governments. It counts Samsung Electronics, LG, Cisco Methods, and Motorola amongst its prospects. Previously this calendar month, Samsung tapped AuthenTec’s virtual private community safety to strength its business enterprise-class smartphones and tablets.



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