Apple has agreed to purchase mobile security firm AuthenTec(s AUTH) for $356 million. The deal was first reported by Reuters on Friday, but the SEC filing shows the deal was sealed on Thursday.
According to Reuters, Apple paid a premium of about 58 percent for the Melbourne, Fla.-based company, or about $8 per share.
So what is AuthenTec? Even if you've never heard of the company, many of Apple's competitors -- who are AuthenTec customers and partners -- have.