IonQ to buy cybersecurity firm Elisity for up to $1.3bn in stock
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 network. Hospitals and healthcare firms are among its main customers.
IonQ says Elisity has more than 100 customers using its tools, including a growing number of Fortune 500 firms. It says sales and the customer base doubled in a year, and none of those customers left.
Boss James Winebrenner will keep running the business. The deal should close by the end of the year, once regulators sign off.
“We will be well positioned to help customers protect critical infrastructure...
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