Synaptics, the American technology company that probably knows more about than any other fingers announced on Wednesday that it will acquire validity with headquarters in San Jose for $255 million.
Of interest: products of authentication of minor Enterprise biometric fingerprinting for smartphones, tablets and laptops.
For a while, Synaptics - a company of interface that has long provided the tactile technologies for computers, phones and tablets - has tried to gain access to the growing market of biometrics. This acquisition helps swing open that door, giving the company greater fingerprint detection technology ("LiveFlex" high frequency RF images, to be specific) that has been missing from the portfolio.
The agreement also aligns with the objectives of validity. "Synaptics acquisition of validity puts our vision of having Natural ID on all devices from mobile computing on the fast track", said validity CEO Rob Baxter, calling the deal "a natural fit". (No Double Entendre).
Although digital fingerprint sensors have recently made headlines for incorporation into the flagship of Apple iPhone 5S, have been in use for years in various industries, including mobile technology. (Do Lenovo ThinkPads, anyone?) However, with the increase in mobile payment transactions, services based on cloud and concerns for safety mobile device company, sensors are required to be more holistic than mere accessories.
In the deal, Synaptics will pay $92.5 billion in stock and cash; the figure of $255 million is subject to "potential yield payments." over a several year period It will be closed in the quarter, subject to regulatory approval.
Andrew Nusca is a contributor to CNET, ZDNet and SmartPlanet editor, ZDNet sister site on innovation. In 2013, its coverage will focus on business startups. It is based in New York.
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