TweakTown
Tech content trusted by users in North America and around the world
5,677 Reviews & Articles | 36,079 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Apple acquire Authentic, a security company, for $356 million

Apple acquire security company Authentic for $356 million

| Business, Financial & Legal News | Posted: Jul 30, 2012 9:45 am

Apple acquired Authentic, who is a leading provider of mobile and network security for the tidy sum of $356 million last week. Under the deal, Authentic are set to become a wholly owned subsidiary of Apple.

 

TweakTown image news/2/5/25060_11_apple_acquire_authentic_a_security_company_for_356_million.jpg

 

Shares of Authentic closed at $5.07 on the 27th of July, with Apple paying a 58-percent premium on this valuation at $8 per share. This means that share holders of Authentic would've had a nice surprise for the weekend just gone. Authentic are best known for producing fingerprint sensors, NFC chips and security software for mobiles.

 

Authentic has some big customers in their pockets, such as Samsung, HP, Fujitsu, Dell and Lenovo. Apple seem to have secured a firm which deals in security, after the many many stories of their OS being not as secure as they're previously stated. We should hopefully see the effects of Apple's latest acquisition in the coming years.

NEWS SOURCE
Hexus.net

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below