From SiliconANGLE · Maria Deutscher · · 1m
IonQ Acquires Elisity for $1.3B
Quantum computing firm IonQ to buy cybersecurity startup Elisity for $1.3 billion, expanding its security portfolio.
In brief
Quantum computing firm IonQ to buy cybersecurity startup Elisity for $1.3 billion, expanding its security portfolio. IonQ will acquire cybersecurity startup Elisity for $1.3 billion to enhance quantum security capabilities. Originally reported by SiliconANGLE.
IonQ Announces Acquisition
IonQ Inc. announced plans to acquire cybersecurity startup Elisity for $1.3 billion.
Deal Includes Performance Incentives
The $1.3 billion deal includes $150 million in performance incentives contingent on Elisity meeting business milestones.
All-Stock Deal by Year's End
The all-stock deal is set to close by year’s end.
IonQ's Quantum Computer
IonQ's flagship product is a 256-qubit quantum computer called Superion 256 that debuted last month.
Quantum Security Focus
IonQ competes in cybersecurity after buying Swiss startup ID Quantique last year.
Elisity's Platform Capabilities
Elisity offers software to map corporate network devices and identify cybersecurity gaps.
Quantum Security Risks
IonQ plans to add quantum-related security features to Elisity’s platform after acquisition.
The main idea
IonQ will acquire cybersecurity startup Elisity for $1.3 billion to enhance quantum security capabilities.
