Printed from http://www.electronista.com

Synaptics purchases fingerprint ID technology company Validity Sensors

updated 05:26 pm EDT, Thu October 10, 2013

Move gives Synaptics range of 'Natural ID' patents and technologies

One-time Samsung partner and fingerprint ID technology manufacturer Validity Sensors is being purchased by human interface technology company Synaptics for an offering said to be worth up to $255 million. The company will pay around $92.5 million in cash and stock, with the remainder arriving over the next "several years" in performance-based payments.

Validity Sensors has done some work with Samsung, but full details of what it has accomplished with the Korean manufacturer is unknown. Microsoft collaborated with Validity over the summer in an ongoing effort to refine Natural ID Fingerprint sensors for Windows 8.1.

"Biometrics has long been of interest to Synaptics as it complements our existing touch-based solutions and offers an exciting new way to interact with devices," said Rick Bergman, president and CEO of Synaptics. "We are thrilled to be adding the world-class Validity team to the Synaptics family. This acquisition is a significant step forward for the company, and serves as a proof point of our dedication for continued growth, innovation and commitment to providing the industry's best and broadest portfolio of human interface solutions."

The stock component of the deal is expected to be in the range of 1.5 million to 2.3 million shares. The acquisition is expected to close in the current quarter, subject to customary closing conditions and regulatory reviews.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News