Mobile and network security company AuthenTec Inc announced this morning that it has been acquired by Apple for $8 a share, which equates to $356 million (in cash). News of the deal comes from a 8-K filed by AuthenTec, which says that it has entered an Intellectual Property and Technology Agreement with Apple yesterday, allowing the Cupertino company to acquire non-exclusive licenses to Authentec’s hardware and software technologies, as well as its patent portfolio. AuthenTec prides itself on offering secure networking, content and data protection, also offering fingerprint security on PC and mobile devices. Read the full story at USA Today.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



PreviousMicrosoft: Okay, Maybe We Are Alienating PC Makers With Surface NextSprint sizzles – is AT&T and Verizon’s greed the reason?

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.