As reported by David Goldman to CNN, Apple has been trying to procure the property assets of Privaris, a Charlottesville, Virginia based biometric security firm. It is probably more likely that Privaris has gone out of business and Apple has obtained the company’s patent portfolio together with other property though the possibility of an acquisition cannot be ruled out entirely.
Privaris mainly makes tiny fingerprint readers which are attached to key chain. Several of the patents of Privaris portfolio are made up of fingerprint and touchscreen technology for the purpose of transaction, control machine and to back up personal data. It was reported that Privaris had recently transferred 26 of its 31 patents to the iPhone maker, inclusive of the 4 patents in December 2012 together with a dozen more in October 2014. The patents are mainly connected to fingerprint and touchscreen technology which could lead to Touch ID enhancement on the future devices.
Updated Touch ID with Reduced Errors
KGI Securities’, well known analyst Ming-Chi Kuo, in February last, had informed investors that the next iPhone would be having updated Touch ID with reduced errors. For instance, one of the patents of Privaris shields the ability of using a touchscreen and fingerprint reader simultaneously while another invention enables the user to open a door with the iPhone on scanning the fingerprint and holding the phone up to a reader just the way one would pay for items with Apple Pay.
Although the transfer of patents have created achievement rumours, the website of Privaris has not been updated since 2010 and none of the company’s senior officials or employees seem to have updated their LinkedIn profiles with status at Apple.It has been reported that Privaris had raised $29 million in funding, had developed a line-up of PlusID personal biometric devices in order to access computers, websites, networks, software, VPNs, online apps and secured printers. Its products serve as a device to unlock office door and can add to security for an RSA SecureID token before logging into a computer.
Products & Services – Access Control System
Besides this, the company had also provided other products as well as services connected to access control systems, biometric computer security, fingerprint authentication, biometric security software together with access cards, technologies of which fall within the margin of Touch ID. Mikhail Avandy, founder of SmartUp, a company which offers legal advice to startups had commented that they have found Apple’s next acquisition while Goldman reports that Avady who had first discovered that Privaris’ patents had been transferred to Apple had observed that none of Privaris founders had changed their LinkeIn profiles to Apple, presuming that the deal could not have been completed.
Privaris also had some patents which could make the iPhone’s TouchID sensor quite useful. However, it is not clear about Apple’s purpose with the technology. Apple purchases licenses and patents a lot of intellectual property which it never utilises. No comments have been made by Apple and Privaris in this regard. The company has also sold in August 2012, 4 smart card patents to 1PerfecId and has held only one patent of its original 31.