BNET Industries

Market Cap:$67.6M
Last Fiscal Year Sales:$52.3M
  • Public
  • US
Dow Jones Description

Fingerprint Sensors

Co-Founder, Chairman and CEO
F. Scott Moody
Number of Employees 115
Contact Information

100 Rialto Place

Suite 100

Melbourne, Florida 32901

www.authentec.c...

(321) 308-1300

NAICS Code Semiconductor and Related Device Manufacturing: 334413

Recent Events

  • Authentec losses $4.2 million in 3Q

    11/05/09 - Financial Announcement - View Story

  • AuthenTec to Announce Third Quarter 2009 Financial Results

    10/15/09 - Financial Announcement - View Story

News & Analysis

authentec and seeking alpha - All News and Analysis

Decision Makers

Name (plus bio) Position
Larry Ciaccia President
Dale Setlak Co-Founder, Vice President and Cto
Gary Larsen Chief Financial Officer
Gregory M. Teesdale CFO
Art Stewart Vice President, Business Development
Chris Lister Vice President, Sales
Jim Burke Vice President, Communications
Peter Sherlock Vice President of Product Development
Tony Iantosca Vice President, Manufacturing, China
Andy Germano Director of Wireless Marketing
Marc Gebert Head of Authentec's European Operations
Matthew Crugnale
Phillip W. Farmer
Jay Koh Director
Jeffrey M. Drazan Director
Rob Grady Director

Board of Directors

Name (plus bio) Position
F. Scott Moody Co-Founder, Chairman and CEO
Ben Yu board Director
Gustav H Koven Board Member

Organization Position Status
AuthenTec, Inc. Co-Founder, Chairman and CEO Current
Eletronicsbuzz.Com Chairman of The Board and Chief Executive Officer Current
Ibia Director Current
University of Florida MBA Former
North Carolina State University BS In Industrial Engineering Former

Larry Ciaccia is President of AuthenTec and oversees the company's worldwide marketing and sales operations. Mr. Ciaccia has 25-years experience in the semiconductor and wireless industry. Prior to joining AuthenTec, he was vice president and general manager of the Wireless Data and Networking Component Products unit at Conexant, the former PRISM WLAN business unit of Intersil. While at Intersil, he spearheaded the development and ramp up of the companies. PRISM 802.11 Wi-Fi initiative, and led the total business as general manager as it grew rapidly from a $20 million operation to a $200 million and 300 person business. In his role as vice president and general manager, Mr. Ciaccia also was instrumental in Intersil.s highly successful initial public offering and sale of the wireless business to GlobespanVirata, which subsequently merged with Conexant. Mr. Ciaccia began his career in 1980 with Harris Semiconductor . which later became Intersil -- and held numerous technical and management positions of increasing responsibility. Mr. Ciaccia earned a BSEE degree from Clarkson University in New York and an MBA from the Florida Institute of Technology in Melbourne.

Organization Position Status
AuthenTec, Inc. President Current
Conexant Systems, Inc. Vice President & General Manager, Product Current
AuthenTec, Inc. Executive Vice President, Marketing Former
Conexant Systems, Inc. general manager Former
Florida Institute of Technology Mba Former
Clarkson University Bsee Degree Former

Dale Setlak co-founded the company and is now the Vice President and Chief Technical Officer. In this role, Mr. Setlak is focused on the research for future AuthenTec products. Mr. Setlak was the original Chief Systems Architect for FingerLoc and is the source of many of the concepts underlying the company's patents. Mr. Setlak brings 25 years of research and development experience to AuthenTec. Prior to joining the original FingerLoc team in 1996, Mr. Setlak served as Senior Principal Engineer with Harris' Electronic Systems Sector. Prior to joining Harris in 1990, Mr. Setlak was Senior Systems Architect for factory automation at CTG-Scientific Systems Services and was the Senior Instrumentation Engineer on research and advanced power plant control systems at Babcock and Wilcox. Mr. Setlak holds a BS in Electrical Engineering from Ohio State University and a MS in Computer Engineering from Florida Institute of Technology.

Organization Position Status
AuthenTec, Inc. Co-Founder, Vice President and Cto Current
Eletronicsbuzz.Com Co-Founder, Vice President and Chief Technology Officer Current
Florida.Com Inc MS In Computer Engineering Former
Florida Institute of Technology Ms In Computer Engineering Former
The Ohio State University Bs In Electrical Engineering Former

Gary R. Larsen has been our Chief Financial Officer since December 2006. From April 2005 to December 2006, Mr. Larsen served as Chief Financial Officer of Artesyn Technologies, Inc. Mr. Larsen also served as Artesyn's Corporate Controller from May 1999 to April 2005. Prior to joining Artesyn, Mr. Larsen served in a variety of management positions with W.R. Grace & Co. Mr. Larsen began his career with KPMG Peat Marwick, LLP. Mr. Larsen received a BS degree from the State University of New York at Buffalo and an MBA from Leonard N. Stern School of Business at New York University. Mr. Larsen is a certified public accountant.

Organization Position Status
AuthenTec, Inc. Chief Financial Officer Current
Eletronicsbuzz.Com Chief Financial Officer Current
Artesyn Technologies, Inc. CFO & Vice President, Finance Former
W.R. Grace & Company Former
State University of New York at Buffalo Bs Degree Former

Chief Financial Officer Gregory Teesdale has over 25 years of experience in handling the financial matters for a variety of high technology companies, including 15 years at the CFO level. Prior to joining Andigilog, Greg was the CFO/Vice President for AuthenTec Inc., a manufacturer of fingerprint biometric sensors. While at AuthenTec, he successfully raised over $30M in outside funding for the company. Greg also managed all relationships with the investment banking community as well as preparing and negotiating all corporate contracts. As CFO/COO at SiCom, a producer of broadband wireless modem systems, he managed all aspects of the financial and manufacturing operations and, eventually, orchestrated in the sale of the company to Intersil for $173M. After seven years as CFO at Photometrics, Greg helped the investors realize a 10X return on their investment through the sale of the company to Roper Industries for $37M. He has also held management and financial positions at Three-Five Systems and Kurta Corporation. Greg has a Bachelor of Science degree in Accounting and Finance from Drexel University and an MBA in Operations Management from Arizona State University.

Organization Position Status
Photometrics Cfo Current
AuthenTec, Inc. CFO Current
Andigilog, Inc. Chief Financial Officer Current
AuthenTec, Inc. Vice President Former
Three-Five Systems Inc. Former
Arizona State University MBA In Operations Management Former
Drexel University Bachelor of Science Degree In Accounting and Finance Former

Organization Position Status
Eletronicsbuzz.Com Vice President of Worldwide Sales Current
AuthenTec, Inc. Vice President, Business Development Current
Florida Institute of Technology MBA Former
University of Delaware BSEE Former

Organization Position Status
AuthenTec, Inc. Vice President, Sales Current
Intersil Corporation Director of Western Area Sales Former

Organization Position Status
AuthenTec, Inc. Vice President, Communications Current
International Business Machines Corporation Former
Towson University BA degree in mass communication Former

Peter Sherlock is the Vice President of Product Development for AuthenTec. Mr. Sherlock is responsible for engineering, including both silicon and software development. Prior to joining AuthenTec in February 1999, Mr. Sherlock was the Director of the Raleigh (NC) Design Center for Integrated Device Technologies (IDT) where he led his team in the development of highly complex circuits including massive parallel processing, 2D and 3D graphics acceleration, DVD playback, HDTV MPEG 2 decode and video acceleration. Mr. Sherlock came to IDT from the venture backed simulation company IVEX Corporation (Atlanta and England), where he was the Senior Vice President for Business Development, a position he was promoted to after serving as the Vice President of Operations. Prior to joining IVEX in 1977, Mr. Sherlock was the Manager of Real Time Visual Simulation Systems at Ferranti Computer Systems Ltd. in England. Mr. Sherlock holds a BS in Electrical Engineering from the University at Salford, UK.

Organization Position Status
AuthenTec, Inc. Vice President of Product Development Current

Tony Iantosca is the Vice President of Manufacturing and oversees the China Development Center. He brings more than 15 years of experience in the semiconductor industry. Prior to joining AuthenTec, Mr. Iantosca was a Director with Signetics where he led the effort of transitioning new, advanced semiconductor packaging designs into high volume, subcontract manufacturing on behalf of various customers. Prior to that, Mr. Iantosca was the Director of Operations for Catalyst Semiconductor where, as part of a new management team, restructured the Company's supply chain which enabled Catalyst to return to profitability. Prior to joining Catalyst, Mr. Iantosca served as Director of Offshore Manufacturing for Cypress, based in Thailand, where he led the transition of Cypress Semiconductor to direct and subcontract offshore manufacturing, that resulted in significant cost savings and quality improvements. Mr. Iantosca also held various management positions with Cypress in California, culminating with full responsibility for all San Jose test operations. Mr. Iantosca holds a MBA from the J.L. Kellogg Graduate School of Management at Northwestern University, an International MBA from the Hong Kong University of Science and Technology, and an Electronic Engineering diploma from the GTE Sylvania Technical School.

Organization Position Status
AuthenTec, Inc. Vice President, Manufacturing, China Current
Eletronicsbuzz.Com Vice President, Quality Operations Current
Catalyst Semiconductor Inc. Director of Operations Former
The Cypress Director of Offshore Manufacturing Former
Cypress Semiconductor Corporation Director Former
Signetics, Inc Director Former
Offshore Manufacturing Director Former
Northwestern University MBA Former
Kellogg School of Management at Northwestern University Mba Former

Organization Position Status
AuthenTec, Inc. Director of Wireless Marketing Current

Organization Position Status
AuthenTec, Inc. Head of Authentec's European Operations Current

Matthew P. Crugnale is the President of Crugnale Associates, a Silicon Valley based high technology consulting firm specializing in new technology business start-ups in both corporate and venture funded communities. Consulting clients have included AT&T Worldwide, InTalk (spin out of Symbionics), Anasazi (BOD of this TA Associates Venture), Brittan Lee/Share Base (BOD, sold to NCR), ChenOptics (Kleiner Perkinsfunded, sold to HP), GE, Brooktree, Western Digital, and Siemens. He was also a cofounder and owner of Gnostics Concepts, which was sold to McGraw-Hill in 1984. Mr. Crugnale was Vice President of Marketing at Beckman Instruments from 1977-1982 and, prior to that, was a Marketing and European Director for GE for 20 years. Mr. Crugnale received a BS in Electrical Engineering from the Case Institute, and attended the Sloan School for graduate business, where he has also been a guest lecturer.

Organization Position Status
Tcgen, Inc President of Crugnale Associates Current
Equitek Capital Advisor Current
Tcgen, Inc Advisor Current
AuthenTec, Inc. Current
Equitek Capital Board of Directors Current
Eletronicsbuzz.Com Director Current
Beckman Instruments, Inc. Vice President of Marketing Former
General Electric Company Executive Positions Former
Beckman Instruments, Inc. Executive Positions Former
Western Digital Corporation Former
The McGraw-Hill Companies, Inc. Former
MIT Sloan School of Management Former
Case Western Reserve University Former

Organization Position Status
AuthenTec, Inc. Current
Florida Institute of Technology Vice Chairman Current
Vulcan Materials Company Director Current
Duke University Bachelor of Science degree in mathematics Former

Organization Position Status
Semequip, Inc. Managing Director Current
Valere Power, Inc. Managing Director Current
Sierra Ventures Managing Director Current
Verisilicon Holdings Co., Ltd Managing Director at Sierra Ventures Current
AuthenTec, Inc. board Director Current
Applied Microstructures, Inc. Director Current
Verisilicon Holdings Co., Ltd Board of Directors Current
InvenSense, Inc. Board of Directors Current
Sierra Ventures Venture Partner Former
3Com Corporation Corporate R&D Former
Semequip, Inc. board observer Former
Sychip Inc. Board Director Former
Micro Power, Inc. Board Director Former
Princeton University Ph.D. In Electrical Engineering Former
Princeton University MA Former
University of Western Australia BSEE Former
University Corp. Bsee Former

Gustav H. Koven serves as a Board member and is the Managing Director of Knickerbocker LLC. Mr. Koven brings a combination of investment and operating experience to AuthenTec including over 15 years as a venture capitalist. Mr. Koven came to Knickerbocker from Edison Ventures where he was a partner since 1990. Previously, Mr. Koven was President of Chase Manhattan Capital Corp. where he made equity investments in growth companies and management buyouts. Prior to starting Chase's equity business in 1985, Mr. Koven was their Vice President in Corporate Development and Planning. Before joining Chase in 1980, Mr. Koven held marketing and corporate development positions at Union Carbide. Mr. Koven received a BE from Stevens Institute of Technology and a MBA from Columbia University Graduate School of Business.

Organization Position Status
The Knickerbocker Managing Director Current
The Knickerbocker Board of Directors Current
AuthenTec, Inc. Board Member Current
The Dow Chemical Company Former
Columbia University Mba Former

Organization Position Status
Air2web, Inc. Principal, the Carlyle Group Current
Strionair, Inc. Director Current
Canesta, Inc. Director Current
AuthenTec, Inc. Director Current
Air2web, Inc. Board of Directors Current
Supreme Court of the United States Law Clerk to Justice David H. Souter Former
United States Court of Appeals for the Federal Circuit Law Clerk Judge Michael Boudin Former
Yale Law School J.D. Former
University of Oxford Masters In Management Former
Harvard College A.B. In Economics Former
Phi Beta Kappa Member Former

Organization Position Status
Loadstar Sensors, Inc Founder and Managing Director of Sierra Ventures Current
Bertram Capital Management LLC Managing Director Current
Sierra Ventures Managing Director Current
Sierra Ventures General Partner Current
Loadstar Sensors, Inc Chairman Current
Ypoint Capital, Inc. Chairman Current
Legalforce IP Marketplace, Inc. Board of Directors Current
Verari Systems, Inc. Director Current
Micro Power, Inc. Director Current
Vertel Corp Director Current
Terayon Communication Systems, Inc. Director Current
On Assignment, Inc. Director Current
Micromuse Inc. Director Current
Fair Market, Inc. Director Current
Applied Microstructures, Inc. Director Current
Combinet Director Current
Sychip Inc. Director Current
Frontbridge Director Current
AuthenTec, Inc. Director Current
Epoch Systems Director Current
Meriton Networks, Inc. Director Current
Theravance, Inc. Board of Directors Current
American Fiber Systems, Inc. Board of Directors Current
Plug Power Inc. Board of Directors Current
Theravance, Inc. Committee Member Current
Sierra Ventures Co-Founder Former
AT&T Bell Laboratories Operations, R&D Former
AT&T Inc. Former
Stratacom Inc. Director Former
New York University M.B.A. degree Former
Princeton University Bachelor of Science Degree In Engineering Former

Rob's career has focused on building brands and consumer experiences across consumer products, software and services. In his last role before joining Wetpaint, Rob served as vice president, Global Beverage for Starbucks Coffee Company, where he was responsible for product innovation and product marketing of all hot and cold hand-crafted beverages served in Starbucks stores around the world, all of which comprised more than half of Starbucks global revenue. Prior to that, Rob served in roles vice president - Beverage, director - Espresso and director New Ventures for Starbucks' US business. Prior to Starbucks, Rob spent 5 years in marketing at RealNetworks, the pioneer in Internet audio and video, leading a variety of consumer software launches under the RealPlayer and RealJukebox names. Rob began his career at Procter & Gamble, where he spent 5 years delivering innovation in the health care and paper products categories. Rob holds an undergraduate degree in Economics from Harvard College and an MBA from Stanford University.

Organization Position Status
Wetpaint.Com, Inc. Senior Vice President, Marketing Current
Panasas, Inc. Managing Director, The Carlyle Group Current
Secure Elements Incorporated Managing Director Current
The Carlyle Group Inc. Managing Director Current
Usbx Advisory Services LLC Partner and Managing Director Current
Viator, Inc. Managing Director of The Carlyle Group and Chairman Current
Stanford Graduate School of Business Faculty Current
Carlyle Holding Corporation Current
Panasas, Inc. Board of Directors Current
Maxim Integrated Products, Inc. Director Current
Technet Inc. Director Current
Viator, Inc. Board of Directors Current
Blackboard, Inc. Board of Directors Current
Environmental Defense Fund Board of Directors Current
Ingenio, Inc. Board of Directors Current
AuthenTec, Inc. Director Current
The HealthCentral Network Member of the Board Current
Eletronicsbuzz.Com Director Current
Secure Elements Incorporated Board of Directors Current
Climate Solutions Board of Directors Current
Verari Systems, Inc. Board of Directors Current
Jackson Hole Land Trust Board of Directors Current
Robertson, Stephens & Company Managing Director Former
The Carlyle Group Inc. Partner Former
National Aeronautics and Space Administration Administrator Former
Robertson, Stephens & Company Lead Investment Banker Former
Westar Energy, Inc. Former
United Parcel Service of America, Inc. Former
Procter & Gamble Former
FleetBoston Financial Former
RealNetworks, Inc. Former
BankBoston International Former
Blackboard Commerce Business Director Former
International Space Station Board of Directors Former
Stanford Graduate School of Business Board of Directors Former
Simpson Manufacturing Company, Inc. Investor Former
FLIR Systems, Inc. Investor Former
OSI Systems, Inc. Investor Former
Protection One, Inc. Investor Former
Stanford Graduate School of Business M.B.A. Former
Harvard College Undergraduate Degree In Economics Former
Stanford Graduate School of Business Graduate Former
Harvard College Graduate Former
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     AUTH $2.36 -0.05 (-2.08% )
Average Volume 135,980
Shares Outstanding 28.67M
Market Cap 67.7M
Year High 3.45
Year Low 1.26
Earnings Per Share -0.55
P/E Ratio -4.29
Dividend N/A
Yield N/A
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