“Apple bought AuthenTec Inc., a maker of fingerprint sensors and security solutions, for $356 million, a move analysts say that helps turn iPhones and iPads into more secure devices for mobile payments,” Connie Guglielmo reports for Forbes.
“With $117.2 billion in cash, Apple’s outlay for AuthenTec is very small change. What it gets, in addition to 217 employees, is technology and patents from a company that says it ‘owns many of the foundational technology patents from the fingerprint biometric industry, and today has a broad IP and patent portfolio consisting of nearly 200 issued and filed U.S. patents, as well as additional foreign patent derivatives,'” Guglielmo reports.
Guglielmo reports, “Brian White, an analyst with Topeka Capital Markets, says the deal not only suggests Apple hardware with fingerprint access , but also a mobile commerce system built using the Near Field Communications (NFC) technology he predicts will be included in the new iPhone 5.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]
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