AuthenTec Acquires Proxure to Enhance Security Offerings for Consumers, Small Businesses; Terms Not Disclosed

AuthenTec (NASDAQ: AUTH) today announced that it has acquired the assets of Proxure, Inc., a provider of syncing and cloud-based storage services for PCs and mobile devices. AuthenTec has acquired all of the assets of Proxure, including all software products and intellectual property. Proxure's portfolio, which includes its popular KeepVault secure backup service and KeepSync software which synchronizes a user's identity across multiple devices, will become part of AuthenTec's Software and eCommerce portfolio and will also be incorporated into future product offerings. Financial terms of the transaction were not disclosed. “The addition of Proxure's KeepVault and KeepSync products further expands the AuthenTec portfolio of convenient security and identity management solutions for consumers and small businesses,” said Tom Aebli, Vice President of Software and eCommerce for AuthenTec. “This strategic acquisition allows AuthenTec to offer both local and cloud-based identity management solutions in conjunction with our TrueSuite® Software and Eikon™ family of USB fingerprint readers. By combining cloud-storage solutions from Proxure with effortless personal security of AuthenTec's fingerprint sensors, AuthenTec will be uniquely positioned to offer online backup and identity sync solutions across tablets, laptops and smartphones with the simple swipe of a finger.”