We learned Friday that Apple has agreed to buy mobile tech security developer AuthenTec Inc. According to insider accounts, Apple will cough up more than $350 million to close the deal.
If you're not familiar, AuthenTec is a leading maker of a cutting-edge fingerprint sensor technology that, presumably, will come to a future-generation iPhone as the company ramps up efforts to make the device the safest and most secure smartphone on the market today.
Word of the acquisition is not based on rumors or hearsay. AuthenTec indirectly confirmed the deal in a regulatory filing that was issued last night. As a result, company shares exploded 63 percent today as AuthenTec reached $8.25 on Nasdaq.
AuthenTec, which was spun off from Harris Semiconductor in 1998 and went public in 2007, provides mobile security software licenses to companies like Apple's arch rival Samsung Electronics Co Ltd (005930.KS) and provides fingerprint sensor technology to computer makers such as HP and Dell Inc.