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

Apple acquire security company Authentic for $356 million

Anthony Garreffa | Jul 30, 2012 at 4:45 am CDT (0 mins, 44 secs time to read)

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.

Apple acquire Authentic, a security company, for $356 million | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:28 am CDT

NEWS SOURCE:hexus.net
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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