AuthenTec sells security division to Inside Secure for $48M

AuthenTec sells security division to Inside Secure for $48M

AuthenTec, whom Apple was rumored to be interested in buying for $350M, has just sold off their inside security division to Inside Secure for $48M. While we have our ideas of what Apple could be doing with AuthenTec and its list of patents, we can probably assume now that it is something other than their security technology. NFC World reports:

The sell-off of non-essential parts of AuthenTec’s business today probably helps Apple accomplish a couple of things. If the initial Reuters report of the acquisition remains accurate (and it should, according to government records), it recoups investment on parts of the business which aren’t essential to Apple’s plans. It also ensures that once any deal is finalized, there will be less to worry about in terms of Apple gaining undue control over tech essential to the securing of its competitors products, which might raise red flags with regulators.

It is quite possible that the sale of AuthenTec's security division may help Apple in some ways considering acquiring patents that are heavily relied on by manufacturers such as Samsung, LG, Motorola, and more may put the FCC and other regulators up in arms.

It still remains to be seen exactly what Apple's plans are with AuthenTec but it's becoming more apparent that they are more interested in AuthenTec's NFC and fingerprint technology. Apple has stated that NFC was never planned for the iPhone 5 and that features such as Passbook more than solve consumer's immediate needs. It doesn't mean that won't change over time and Apple could simply be securing technology that could be implemented in the future as they've done in the past.

Source: NFC World

Allyson Kazmucha

Editor for iMore, Potter pundit, and the ninja in your iOS

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There are 4 comments. Add yours.

sk8er_tor says:

"While we have our ideas of what Apple could be doing with AuthenTec and its list of patents, we can probably assume now that it is something other than their security technology."

Apple and security can't be put in the same sentence. How can you get any security from a company that spies on its customers?

okli says:

U've got it wrong... DUDE....company that spies on its customers?...is your bellowed Googlotrolla

Gazoobee says:

Wait a minute, ... the article says that AuthenTec is selling off it's security division and that Apple is only "rumoured" to be interested in buying them. It then concludes that Apple is not interested in security.

Every other site on the net however is reporting that Apple already *purchased* AuthenTec, and that it is Apple that is selling off some of it's assets. Furthermore, all other reports have it that the piece being sold off is merely the security *products* that AuthenTec made, and that what Apple is keeping is the new breakthrough in fingerprint ID technology and all the patents, so the conclusion seems totally wrong also.

Either you have the only true source, or you are completely wrong and the other ten or fifteen sites reporting the opposite of what your saying are correct.

oscahie says:

Pretty much every news site got this story completely wrong, which is pretty sad. AuthenTec does not have any NFC technology. What has been sold to Inside Secure (these are the actual NFC guys) is the embedded security division (DRM, VPN, semiconductors IP, etc).