IonQ Completes Acquisition of Zero Trust Security Company Elisity

Insider Brief

• IonQ has completed its all-stock acquisition of Elisity, adding Zero Trust security technology to its portfolio of post-quantum cryptography (PQC) and quantum key distribution (QKD) capabilities.
• Elisity’s platform helps organizations discover connected assets, assess network risks and enforce identity-based Zero Trust policies across their environments.
• IonQ issued $1.15 billion in common stock at closing, with sellers eligible for up to an additional $150 million based on revenue milestones.

PRESS RELEASE — IonQ (NYSE: IONQ), the world’s leading full-stack quantum platform and foundry, today completed its acquisition of Elisity, Inc., a Zero Trust security company, in an all-stock transaction. The combination extends IonQ’s quantum security strategy, adding Zero Trust technology that complements IonQ’s post-quantum cryptography (PQC) and quantum key distribution (QKD) capabilities. These combined enhancements are intended to protect customers today, and keep them protected as post-quantum standards evolve.

“With the acquisition complete, IonQ now brings together post-quantum cryptography, quantum key distribution, and Zero Trust security in a single platform for the organizations that depend on it most,” said Niccolo de Masi, Chairman and Chief Executive Officer of IonQ. “Enterprise and government organizations will now be able to draw on one security architecture to contain attacks operating at machine speed today, and protect sensitive information against future quantum threats. I’m glad to welcome James and the Elisity team to IonQ.”