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 | 4009 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
TuneIn Radio Pro Gets iOS 8 Handoff Support, Chromecast Compatibility, Other Improvements
Tablet Growth Expected to Slow to 7.2% in 2014 Alongside First Year of iPad Decline [Chart]
Dropbox Announces New Microsoft Office Integrations Are Here
Dropbox has announced that its new Microsoft ...
Apple Reaches Record Breaking $700 Billion Market Cap
Apple's market capitalization reached a new r...
BlackBerry Announces 'Trade-Up' Program for iPhone Owners
BlackBerry has announced a 'trade-up' program...