{
  "title": "IonQ to Acquire Elisity for $1.3 Billion: Zero Trust Meets Post-Quantum Security",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/",
  "published": "2026-10-15T09:00:00Z",
  "updated": "2026-10-15T09:00:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "rows": [
    {
      "dataset": "key-figures",
      "id": "stat-value",
      "label": "Maximum transaction value",
      "value": "$1.3bn",
      "provenance": "disclosed",
      "note": "All-stock, including up to $150 million of performance earnout.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/#stat-value"
    },
    {
      "dataset": "key-figures",
      "id": "stat-earnout",
      "label": "Performance earnout",
      "value": "$150M",
      "provenance": "disclosed",
      "note": "Up to $150 million, subject to the performance of the Elisity business.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/#stat-earnout"
    },
    {
      "dataset": "key-figures",
      "id": "stat-deploy",
      "label": "Elisity global customer deployments",
      "value": "100+",
      "provenance": "disclosed",
      "note": "With a growing number of Fortune 500 customers.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/#stat-deploy"
    },
    {
      "dataset": "key-figures",
      "id": "stat-market",
      "label": "Microsegmentation market",
      "value": "$10bn+",
      "provenance": "disclosed",
      "note": "Growing at a double-digit CAGR, as cited by IonQ.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/#stat-market"
    },
    {
      "dataset": "key-figures",
      "id": "stat-q2",
      "label": "IonQ Q2 2026 revenue",
      "value": "$80.1M",
      "provenance": "disclosed",
      "note": "Up 287% year on year, a company record.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/#stat-q2"
    },
    {
      "dataset": "key-figures",
      "id": "stat-cash",
      "label": "IonQ cash and investments",
      "value": "$3.0bn",
      "provenance": "disclosed",
      "note": "As of 30 June 2026; $2.0 billion pro forma for the SkyWater acquisition.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/#stat-cash"
    },
    {
      "dataset": "key-facts",
      "id": "fact-1",
      "label": "Status",
      "value": "Definitive agreement, 12 October 2026",
      "provenance": "disclosed",
      "note": "Expected to close in the fourth quarter of 2026.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-2",
      "label": "Consideration",
      "value": "All IonQ common stock",
      "provenance": "disclosed",
      "note": "Valued at up to $1.3 billion in total.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-3",
      "label": "Earnout",
      "value": "Up to $150 million",
      "provenance": "disclosed",
      "note": "Subject to the performance of the Elisity business.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-4",
      "label": "Price collar",
      "value": "$33.07 to $49.61 per share",
      "provenance": "disclosed",
      "note": "20-day VWAP ending before the third business day ahead of closing.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-5",
      "label": "Elisity growth",
      "value": "Revenue and customers doubling year over year",
      "provenance": "disclosed",
      "note": "With zero churn among deployed customers.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-6",
      "label": "Leadership",
      "value": "James Winebrenner stays CEO",
      "provenance": "disclosed",
      "note": "Elisity continues under its current leadership after closing.",
      "sources": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era | https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era | https://www.elisity.com/about-us",
      "permalink": "https://www.acquiry.com/deal-intelligence/ionq-to-acquire-elisity-for-1-3-billion/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "IonQ to Acquire Elisity to Accelerate Zero Trust for the Quantum Era",
      "href": "https://ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era",
      "publisher": "IonQ, Inc.",
      "date": "12 October 2026",
      "isoDate": "2026-10-12",
      "kind": "Press release"
    },
    {
      "id": "s2",
      "title": "Elisity announces acquisition by IonQ to advance Zero Trust for the quantum era",
      "href": "https://www.elisity.com/news/elisity-announces-acquisition-by-ionq-to-advance-zero-trust-for-the-quantum-era",
      "publisher": "Elisity, Inc.",
      "date": "12 October 2026",
      "isoDate": "2026-10-12",
      "kind": "Company announcement"
    },
    {
      "id": "s3",
      "title": "About Elisity: identity-based microsegmentation",
      "href": "https://www.elisity.com/about-us",
      "publisher": "Elisity, Inc.",
      "date": "Retrieved 15 October 2026",
      "isoDate": "2026-10-15",
      "kind": "Company website"
    },
    {
      "id": "s4",
      "title": "IonQ Announces Record Second Quarter 2026 Revenues, Growing 287% YoY",
      "href": "https://ionq.com/news/ionq-announces-record-second-quarter-2026-revenues-growing-287-yoy",
      "publisher": "IonQ, Inc.",
      "date": "5 August 2026",
      "isoDate": "2026-08-05",
      "kind": "Results release"
    },
    {
      "id": "s5",
      "title": "IonQ Completes Acquisition of SkyWater Technology",
      "href": "https://ionq.com/news/ionq-completes-acquisition-of-skywater-technology",
      "publisher": "IonQ, Inc.",
      "date": "31 July 2026",
      "isoDate": "2026-07-31",
      "kind": "Press release"
    }
  ]
}