“On July 27, seemingly out of nowhere, security company AuthenTec announced in a regulatory filing that it had agreed to a $356 million acquisition offer from Apple, making it one of the Apple’s biggest mergers in its 36 year history,” Matt Brian reports for TNW.

“Terms of the deal included provisions for the company’s patents, control of its fingerprint sensors, touchchips and security technologies, but much of the detail was missing from AuthenTec’s document at the time,” Brian reports. “However, with the recent filing of a PREM14A proxy statement with the SEC (a document which notifies shareholders of the deal and how it was finalised, allowing them to vote on whether it should be completed), the security firm has shed more light on why Apple decided to acquire the company.”

Brian reports, “During the talks, Apple’s representatives noted the company’s desire to move quickly with the deal due to its ‘product plans and ongoing engineering efforts.’ …It’s safe to assume the new technology will be fingerprint related, which could play nicely with its new eWallet, which it calls ‘Passbook.’ …AuthenTec announced on May 8, 2012 that it had introduced ‘its first smart sensor specifically tailored for secure NFC mobile commerce.’ The product is a new 192 pixel by 8 pixel fingerprint sensor… a sensor that is 1.3mm in size could even be incorporated into a Home button.”

Tons more in the full article – recommended – here.

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]

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