IonQ to buy cybersecurity firm Elisity for up to $1.3bn in stock

Image for article IonQ to buy cybersecurity firm Elisity for up to $1.3bn in stock
News Source : The Next Web

News Summary

  • IonQ is the biggest listed firm that only does quantum.
  • It bought chipmaker SkyWater for $1.8bn in January.
  • It is also among the firms in DARPA’s final test stage for useful quantum computers.
  • It has built quantum-safe national networks in Switzerland, Poland, Romania and Slovakia.
  • The deal should close by the end of the year, once regulators sign off.
  • It says sales and the customer base doubled in a year, and none of those customers left.
IonQ has agreed to buy Elisity in an allstock deal worth up to $1.3bn. Up to $150mn of that depends on how well Elisity does.

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