Apple Agrees To Acquire AuthenTec

By  //  July 28, 2012

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Company Began In 1998

BREVARD COUNTY • MELBOURNE, FLORIDA – Apple has agreed to acquire AuthenTec of Melbourne for about $356 million.

Larry Ciaccia is AuthenTec’s Chief Executive Officer. (Image courtesy AuthenTec)

The deal will assist Apple in iPhone security features by employing AuthernTec’s unique fingerprint-authentication technology.

Apple is aiming to create and release an updated iPhone model after stagnant sales missed second quarter projections.

AuthenTec is a leading provider of mobile and network security and the company’s diverse product and technology  are geared toward protecting individuals and organizations through secure networking, content and data protection, access control and strong fingerprint security on PCs and mobile devices.

The firm’s encryption technology, fingerprint sensors and identity management software are deployed by the leading mobile device, networking and computing companies, content and service providers and governments.

Larry Ciaccia is AuthenTec’s Chief Executive Officer.

The company is headquartered at 100 Rialto Place, Suite 100 in Melbourne.

AuthenTec was founded in 1998 by Scott Moody and Dale Setlak and has grown to number about 240 employees worldwide.