Apple nabs Samsung, LG security provider for $356m

email article email article print article print article tip @techmeme

This is interesting. Apple has just forked out US$365-million for security company AuthenTec Inc.

In an 8-k filing the company says that it entered into an agreement with the Cupertino-based tech giant that gives Apple non-exclusive domain over its hardware, software, and patent portfolios.

The company, which specialises in fingerprinting technology, also does work in secure networking, content and data protection. According to its Fact Sheet:

AuthenTec’s award-winning smart fingerprint sensors provide multiple touch-powered features that extend beyond user authentication to include convenience, personalization and touch control. The Company’s TouchChip area fingerprint sensors and modules comply with government and industry standards and offer the ruggedness, strong security and ease of integration needed for quick and broad deployment. TouchChip sensors dramatically lower the size, cost and power of fingerprint sensors versus optical-based fingerprint solutions.

The company is a favourite of Apple arch-rival Samsung and is also used by the likes of Alcatel-Lucent, Cisco, Fujitsu, HBO, HP, Lenovo, LG, Motorola, Nokia, Orange, Sky, and Texas Instruments.

It’s at this point that Apple’s corporate heads are rubbing their hands in glee. The deal effectively means that it hasn’t just got its hands on a load of new technology but that it can sell that it all back to its fiercest rivals.

According to ZDNet, AuthenTec has been steadily moving its focus to business and sees mobile security as a big money spinner in the future, especially as the bring your own device phenomenon becomes more widespread.

As Craig Hallum analyst Richard Shanon explains, mobile manufacturers are well aware of the trend and are desperate to make sure they have a safe offering to present to big corporates:

We see Samsung’s interest in mobile enterprise access as a microcosm for a secular trend in the mobile marketplace as customers look to access enterprise resources not just from company-supplied laptops, but from employee-owned phones/tablets. Over the next several quarters, we expect to see Samsung, along with other OEMs, carriers and other ecosystems participants, increasingly view the enterprise as a valuable market segment and one that needs improved security.

Apple wouldn’t want to miss out on this opportunity either and the acquisition of AuthenTec means it’ll profit no matter which mobile manufacturer a company chooses to go with.

email article email article print article print article

Most popular articles

Topics for this article

[ advertising enquiries ]

Share
  • BURN MEDIA TV

    WATCH THE LATEST EPISODE NOW
    Latest Episode
    Sony Xperia Z2 Review

MORE HEADLINES

news

VIEW MORE

interviews

VIEW MORE

future trends

VIEW MORE

entrepreneurship

VIEW MORE

social media

VIEW MORE

facebook

VIEW MORE

twitter

VIEW MORE

google

VIEW MORE

advertising & marketing

VIEW MORE

online media

VIEW MORE

design

VIEW MORE

mobile

VIEW MORE

More in Apple, News

Instagram hits 80 million users, but loses access to part of Twitter API

Read More »