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Arqit Quantum Inc. (ARQQ) shares traded 8% higher on Tuesday after the company acquired Ampliphae’s product portfolio and innovation team, enhancing its quantum-safe encryption capabilities.
The deal aims to bolster Arqit's position in the cybersecurity sector by integrating Ampliphae's expertise in encryption risk advisory and AI analytics.
Arqit stated that it has acquired Ampliphae’s suite of Encryption Intelligence solutions, which help companies gain insights into the encryption methods they use.
These solutions are designed to detect weaknesses automatically, including those that could be exposed by advances in quantum computing.
The combined offerings will be accessible to enterprises and governments globally, facilitating the transition to quantum-safe encryption practices.
This expansion aligns with the increasing demand for advanced cybersecurity solutions in the face of evolving digital threats.
“Encryption Intelligence is a vital choice for organisations looking to understand and reduce their encryption risk,” said Andy Leaver, CEO of Arqit. “By combining our quantum encryption expertise with Ampliphae’s analytics technologies, we can deliver unmatched protection and advisory services on a global scale.”
Arqit Quantum (ARQQ) offers encryption software that protects data and communications. Its SKA-Platform generates secure, locally created keys on endpoint devices, enabling Zero Trust Network Access without requiring major infrastructure changes.
For the first half of the fiscal year 2025, Arqit’s revenue decreased 43.6% to $67,000 due to end customer delay in commencing activity under a previously announced multi-year contract in the EMEA region.
On Stocktwits, retail sentiment around Arqit remained in ‘extremely bullish’ territory.
A bullish Stocktwits user expected the valuation gap with other quantum stocks to narrow following the latest development.
Arqit stock has lost over 29% year-to-date and soared over 170% in the last 12 months.
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