IonQ agrees $1.3 billion Elisity acquisition

• IonQ (NYSE:IONQ) entered an agreement to acquire Elisity in an all-stock transaction valued at up to $1.3 billion, combining quantum security technologies with Zero Trust cybersecurity.
• The deal adds Elisity’s enterprise security platform, more than 100 global customer deployments, and access to the microsegmentation market valued by IonQ at more than $10 billion.
• IonQ said the acquisition will expand its post-quantum cryptography and quantum key distribution offerings for enterprise and government customers.

IonQ (NYSE:IONQ) announced a definitive agreement to acquire Elisity, Inc., a Zero Trust security company, in an all-stock transaction valued at up to $1.3 billion, including a potential $150 million earnout.

The transaction combines IonQ’s post-quantum cryptography and quantum key distribution capabilities with Elisity’s Zero Trust technology platform, which provides identity-based access controls for enterprise networks.

“With Elisity and its team as part of IonQ, we will be well positioned to help customers protect critical infrastructure and enterprise networks throughout the transition to the quantum era,” said Niccolo de Masi, chairman and chief executive officer of IonQ.

IonQ said Elisity has more than 100 global customer deployments and operates in the microsegmentation security market, while the acquisition is expected to expand IonQ’s cybersecurity product offerings.

The companies said they expect to cross-sell security solutions, expand enterprise and government relationships, and develop integrated cybersecurity offerings combining Zero Trust controls with quantum-safe technologies.

IonQ develops quantum computing, networking, sensing, and cybersecurity technologies, while Elisity provides Zero Trust security solutions focused on identity-based network protection.