Apple buying mobile security firm AuthenTec

Mobile and network security provider AuthenTec recently announced that it has been acquired by Apple. Apple has agreed to acquire the company for $8 per share, or approximately $356 million. 

“AuthenTec is a leading provider of mobile and network security,” said the company, which currently provides Android security solutions to Samsung. “Our diverse product and technology offering helps protect individuals and organizations through secure networking, content and data protection, access control and strong fingerprint security on PCs and mobile devices.” Apple has not yet confirmed the acquisition, but it will seemingly look to bolster security on its iPhone and iPad as the devices continue to gain ground in the enterprise market. 

The transaction was unanimously approved by AuthenTec's board. It still requires approval from a majority of the holders of AuthenTec stock. AuthenTec currently has about 44.5 million outstanding shares.

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