You know how everyone is talking about fingerprint sensors after Apple’s pretty much made the technology cool (again)? Well, Synaptics reacted and is now acquiring Validity Sensors, provider of biometric fingerprint authentication solutions. The idea is to gain access to the fast growing biometrics market, which is in some sort of renaissance these days.
Biometrics and fingerprint sensing is poised for explosive growth as OEMs look to differentiate their products, and consumers demand greater security with seamless ease-of-use. Synaptics believes the acquisition of Validity positions the company at the forefront of this exponential growth opportunity and allows the company to strengthen its portfolio of touch-based technologies with the diversification into fingerprint-sensing capabilities.
Validity is the leader in Natural ID authentication, providing fingerprint sensing solutions to the world’s leading consumer device OEMs. Their solutions include its LiveFlex fingerprint sensor technology that provides superior image quality with high-frequency RF imaging into the live layer of the finger.
Synaptics will pay approximately $92.5 million in stock and cash at the closing plus potential performance payments over a multi-year period for total potential consideration of up to $255 million. The stock component is expected to be in the range of 1.5 million to 2.3 million shares…