AuthenTec sells encryption business, suggesting Apple's interest lies in fingerprint sensors
With Apple rumored to be attempting to acquire a security solutions provider, a new move by AuthenTec to sell a portion of its business suggests Apple is most interested in its fingerprint scanning technology.
AuthenTec has reached a deal to sell its embedded security solutions division to another company, Inside Secure, NFC World reported on Monday. The deal means that AuthenTec has retained ownership of its combined fingerprint and wireless near-field communication solution, which is part of a separate division.
The decision to sell the embedded security division may hint at why Apple has allegedly pursued a deal with the company. Reports first surfaced in July that Apple was looking to buy AuthenTec for $356 million.
