BNET Industries
Market Cap:$63.0M
Last Fiscal Year Sales:$52.3M
- Public
- US
Dow Jones Description
Fingerprint Sensors
Co-Founder, Chairman and CEO
F. Scott MoodyNumber of Employees 115
Contact Information
100 Rialto Place
Suite 100
Melbourne, Florida 32901
(321) 308-1300
Peer Companies
NAICS Code Semiconductor and Related Device Manufacturing: 334413
Recent Events
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Authentec losses $4.2 million in 3Q
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AuthenTec to Announce Third Quarter 2009 Financial Results
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AuthenTec Appoints Greg Kerr As VP Of Software Development - Quick Facts
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AuthenTec Names Greg Kerr Vice President of Software Development
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AuthenTec expanding in China
News & Analysis
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authentec - All News and Analysis
AuthenTec Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Steve Smigie – Raymond James. Steve Smigie – Raymond James I was hoping you could talk a little bit about what the mix looked like in the quarter split between PC’s versus handsets versus access for other stuff. Scott Moody...
AuthenTec: Ripe for Acquisition?
Chris Fernandez submits: AuthenTec (NASDAQ: AUTH), the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q1/09 earnings and held their analyst conference call May 12th after the market closed. by Chris Fernandez
AuthenTec: Going Out of Business or Acquisition Target?
Chris Fernandez submits: We’ve had quite a recovery in the market from the lows reached in March, and many semiconductor stocks have followed suit. While AuthenTec Inc. (NASDAQ: AUTH), a maker of fingerprint sensors, is no different, even with a recovery in its stock price from the absolute...
AuthenTec Adapts to Slowing Business Trends, Outlook Dims
Chris Fernandez submits: AuthenTec (NASDAQ: AUTH), the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q4/2008 and full year 2008 earnings and held their analyst conference call Tuesday after the market closed. by Chris Fernandez
AuthenTec, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Romit Shah – Barclays Capital. Romit Shah – Barclays Capital I’ve got a couple, just first on the op ex guide of $7 to $7.5 million, can you tell us if you ex out some of the...
How Will Semi Slowdown Affect AuthenTec?
Chris Fernandez submits: It’s no secret out there that the market as a whole has been taking an enormous hit, not just in terms of stock valuations and prices, but more so at the fundamental level of these companies and their deteriorating business conditions. by Chris Fernandez
AuthenTec, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions And your first question comes from the line of Steve Smigie of Raymond James. You may proceed. Steve Smigie – Raymond James Great, thank you. I was hoping you could comment a little bit in terms of the demand inaudible across all...
Authentec: Earnings Not a Disaster, Still a Hold
Chris Fernandez submits: AuthenTec (NASDAQ: AUTH), the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q3/2008 earnings and held their analyst conference call Thursday, October 30th after the market closed. by Chris Fernandez
AuthenTec Earnings: Looking for an Exit Strategy
Chris Fernandez submits: Yuck. by Chris Fernandez
Authentec: Downgraded to Hold on Lower Outlook
Chris Fernandez submits: They say that good things come in small packages. by Chris Fernandez
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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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