IonQ IONQ recently 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. The deal will combine IonQ's post-quantum cryptography (PQC) and quantum key distribution (QKD) capabilities with Elisity's enterprise Zero Trust technology to expand its cybersecurity platform and help uncover and protect against current LLM and emerging quantum threats. It will also add Elisity's high-growth enterprise security business and a team of industry leaders to IonQ.
Elisity has a strong track record of doubling its revenues and customer base year over year with zero churn among deployed customers. IonQ will gain expanded channels to market its PQC, QKD and quantum computing offerings to enterprise and government networks through Elisity’s more than 100 global customer deployments and strong relationships across the CISO and security communities. The acquisition provides IonQ with an entry into the microsegmentation market, a more than $10 billion opportunity with a double-digit CAGR.
According to IonQ’s chairman and CEO, the acquisition will enhance the company’s ability to secure critical infrastructure and enterprise networks throughout the transition to the quantum era, as Q-Day may arrive sooner than expected.
IonQ has deployed quantum-safe communications networks in several countries and offers security solutions spanning QKD and PQC. Its multiproduct revenues grew 40% year over year in the second quarter of 2026, reflecting increased adoption of multiple offerings. The Elisity acquisition is expected to create cross-selling opportunities and help IonQ expand its enterprise and government customer base.
The agreement price includes up to $150 million in earnout opportunity subject to performance of the Elisity business. The number of shares IonQ will issue will be based on its volume-weighted average stock price over the 20 trading days preceding the third business day before closing. The price used to calculate the share count will be capped at $49.61 per share, with a floor of $33.07.
Updates From IONQ Peers
This month, D-Wave Quantum Inc. QBTS and the Supply Chain Management Research Center in the Sam M. Walton College of Business at the University of Arkansas (“SCMRC”) announced a collaboration to explore quantum computing’s impact on complex supply-chain problems. The partnership establishes the Quantum Supply Chain Initiative Support Fund with the SCMRC, meant to advance thought leadership, education and independent research focused on the application of quantum computing to supply-chain management across retail, transportation and national defense. D-Wave has also joined the SCMRC partnership program, which presently has more than 25 industry partners.
Quantum Computing Inc. QUBT, or QCi, announced Dirac-3S, the next-generation of its Dirac-3 quantum optimization machine. Dirac-3S advances the platform across three areas — Speed, Scale and Solutions — with faster performance, improved solution quality, increased computing capacity and a modular architecture designed to support customers as their requirements grow. The development marks a significant step toward commercial deployment of QCi’s quantum optimization technology, with the first customer shipment of Dirac-3S expected in November 2026.
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