IonQ agrees to buy cybersecurity company Elisity for up to $1.3B

IonQ's all-stock deal for Elisity includes up to $150 million in performance-based earnouts. Bloomberg says the acquisition would expand IonQ's cybersecurity platform to address AI-assisted attacks and emerging quantum threats.

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Primary source: Bloomberg Technology

Why it matters

Bloomberg says the acquisition is intended to expand IonQ's cybersecurity platform against AI-assisted attacks and emerging quantum threats. Elisity describes its product as identity-based microsegmentation designed to contain lateral movement across networks, a separate category from post-quantum cryptography.

IonQ agrees to buy Elisity for up to $1.3B to expand into cybersecurity — The all-stock deal includes up to $150 million in earnouts, adding an identity-based network security business led by James Winebrenner.

IonQ CEO Niccolo de Masi is adding an enterprise security business to a company built around quantum computing. IonQ has agreed to buy Elisity for up to $1.3 billion in stock, including as much as $150 million in performance-based earnouts, Bloomberg reported on October 12th.…

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