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Apple buys security firm for USD350m
Documents filed Thursday, 26 July 2012, with regulators showed Apple paid $8 per share for AuthenTec, a Florida-based company started in 1998.
Customers of AuthenTec include Apple's key rival Samsung, as well as other tech firms such as Alcatel-Lucent, Cisco, Fujitsu and Hewlett-Packard.
The security products are used to "protect individuals and organizations through secure networking, content and data protection, access control and strong fingerprint security on PCs and mobile devices," according to the AuthenTec website.
It has sold more than 100 million fingerprint sensors and portable electronics, including 15 million mobile phones.
The move comes amid concerns about hacker attacks on mobile devices, especially Apple gadgets or those powered by Google-backed Android software.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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