“NFC and contactless chip provider Inside Secure is to acquire the embedded security systems division of Authentec, the fingerprint and secure solutions specialist which Apple agreed to buy for US$356m in July 2012,” Sarah Clark reports for NFC World.The transaction is valued at up to US$48 million.”

“Authentec’s Embedded Security Solutions (ESS) division designs, develops and sells a range of embedded security solutions, centered on the use of encryption algorithms and security blocks to protect data and ensure confidentiality, integrity and availability. ESS offers three product lines: Content Protection, Security Toolkit and Semiconductor IP,” Clark reports. “ESS products are used in hundreds of millions of mobile and networking products to ensure data privacy for businesses and individuals. Customers include Alcatel-Lucent, Cisco, HBO, LG, Motorola, Nokia, Samsung, Sky and Texas Instruments. ESS has 79 staff and sales of $25.3m in 2011 and $21.4m in the first nine months of 2012.”

Clark reports, “The sale suggests that Apple’s interest in acquiring Authentec lies with the company’s innovative combined fingerprint and NFC solution, which is not part of the division being acquired by Inside Secure, and will lead to renewed speculation that Apple will include NFC in future iPhones and other devices.”

Read more in the full article here.

[Attribution: AppleInsider. Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]

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