Apple to Buy Fingerprint Sensor Maker AuthenTec for $356 Million

AuthenTec currently licenses its technology to Samsung, one of Apple's chief competitors.

Reuters: Apple has announced that it will purchase AuthenTec Inc for $8 per share, a total of $356 million. AuthenTec supplies mobile phone manufacturers with security software, as well as chips for fingerprint recognition and near-field communications (NFC). Interestingly, one of the company's biggest customers is Samsung, which also happens to be one of Apple's biggest competitors.

AuthenTec has annual revenue around $70 million.

Tags: security, software, Apple, Samsung, near-field communication, merger and acquistion activity

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