TNW | Merge-and-acquisition
IonQ to buy cybersecurity firm Elisity for up to $1.3bn in stock
The quantum computing company is adding a zero-trust security business as it pitches protection against future quantum attacks.
Via TNW | Merge-and-acquisition
·Excerpt
Niccolo de Masi, chairman and chief executive of IonQ.
IonQ has agreed to buy Elisity in an all-stock deal worth up to $1.3bn. Up to $150mn of that depends on how well Elisity does.
The Maryland-based quantum computing company announced the deal on Monday. IonQ wants its security arm to guard against attacks aided by AI and, one day, quantum machines.
What Elisity does
Founded in 2019, Elisity makes software that stops attackers and ransomware from moving through a company’s…
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