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Deutsche Telekom invests in Swiss cryptography company ID Quantique

12.02.2019 17:40

Telekom Innovation Pool has invested in Genva-based ID Quantique, a leading quantum-safe network encryption and secure quantum key generation and distribution provider. TIP joins existing investor South Korea Telecom.

ID Quantique is the world leader in quantum-safe crypto solutions, designed to protect mission critical data. The company provides quantum-safe network encryption, secure quantum key generation and Quantum Key Distribution solutions and services to the financial industry, enterprises and government organisations globally. IDQ’s quantum random number generator has been validated according to global standards and independent agencies and is the reference in highly regulated and mission critical industries – such as security, encryption, critical infrastructure and IoT. IDQ’s products are used by government, enterprise and academic customers in more than 60 countries and on every continent.

Telekom Innovation Pool (TIP) announced today an investment in IDQ. TIP focuses on investments with significant strategic impact for Deutsche Telekom. The TIP fund is advised by DTCP.

“IDQ is a clear leader in the promising quantum cryptography space. We are impressed by their technological depth and entrepreneurial approach to market and product development and are looking forward to working with the team,” said Dr. Till Stenzel, Managing Director DTCP.

“Deutsche Telekom is the ideal partner for IDQ – both as an investor to strengthen our European base, and also as a key Go-to-Market partner for providing innovative quantum-based products and services to their clients”, said Dr. Grégoire Ribordy, CEO and co-founder of IDQ.

“Deutsche Telekom is pleased with the investment in IDQ. We believe that IDQ’s solutions can play a role in improving network security for our customers,” said Alex Choi, SVP Strategy & Technology Innovation at Deutsche Telekom.

(Press release)
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