Apple pays $356 million for security company AuthenTec

In a deal that should help Apple boost its enterprise security offerings, the iPhone maker is planning to buy mobile security company AuthenTec for $8 per share or a little over $356 million, AuthenTec said on Friday.

AuthenTec provides security software and hardware for mobile phones, PCs and networks, according to the company's website.

Earlier this month, AuthenTec closed a deal with Samsung that would put its QuickSec VPN security into new Android smartphones and tablets.

The Florida company's products and technologies are used in "hundreds of millions of devices", and AuthenTec said it has shipped more than 100 million fingerprint sensors for integration in a wide range of portable electronics including over 15 million mobile phones. Other customers include Motorola, Nokia, Lenovo and LG. Read more...