AuthenTec Sells Embedded Security Division for $48 Million

Posted November 19, 2012 at 6:03pm by iClarified | Please help us and submit a translation by clicking here | 3897 views

AuthenTec, a security solutions company Apple recently agreed to acquire, has sold off its embedded security division to Inside Secure for $48.

Part of the company’s business involved providing embedded security solutions, including encryption algorithms and other protections to a variety of mobile device makers including LG, Motorola, Samsung and Nokia, but that division is now being sold off to NFC company Inside Secure for around $48 million. The sale suggests Apple’s interest lies more in the company’s other products, including tools for fingerprint sensors and identity management that work with NFC, and use of its patent portfolio.

In July, AuthenTec announced that it had been acquired by Apple for $8 a share which calculates to $356 million.

Read More

Share
Add Comment
Follow iClarified
AgileBits Unveils 1Password App Extension for iOS 8 [Video]
AgileBits has announced a new 1Password App E...
SEGA Releases Crazy Taxi: City Rush for iOS
SEGA has released Crazy Taxi: City Rush an al...
Apple to Ship Just 3 Million iWatches in 2014, Most Without Sapphire Glass?
Facebook Updates Slingshot App With More Reactions, My People Tab, Other Improvements
Wikipedia Releases Overhauled App for iOS
Wikipedia has released an overhauled app for ...