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 | 3891 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
Facebook is Removing Messenging From Its Main App, Forcing Users to Download Facebook Messenger
Hilton Hotel Guests Will Soon Be Able to Use Their Smartphone as a Room Key
Beats Music App Gets Tune Your Taste Feature, Sentence History, Player Improvements
Yelp App Now Lets You Post Video Reviews
Yelp App for iOS has gotten the ability to po...
Alleged 4.7-Inch and 5.5-Inch iPhone 6 Logic Boards Leaked [Photos]
New photos have surfaced that allegedly show ...