Not so long ago there was a time when iDevices were considered virus-free and home users and businessmen, especially, used to buy them without having anything to worry about the worms. People haven’t stopped buying iPhones and iPads but their concern about the security has emerged in the last couple of months, and that factor has certainly put Apple in pressure.
In order to cope the situation, the Cupertino has decided to acquire AuthenTec for $356 million in cash. The company is known for the fingerprint sensors that can be embedded in computers to enhance the log-in mechanism. The acquisition is expected to give Apple an extra edge over its rivals in the market to strengthen its security protocols for iPhone and iPad.
AuthenTec has provided its sensors to Samsung, Nokia, and Motorola, previously.
The Friday filing reveals that if the deal does not close due to the antitrust issues Apple will have to pay $20 million to AuthenTec, and if the later company “opts for a superior bid from a rival company” then $10.95 million will have to be paid to the Mac maker.
The acquisition is seen as the second biggest from Apple after Anobit Technologies for which $400 million were involved in the deal.