DTCP invests in Swiss quantum-cryptography company ID Quantique
Telekom Innovation Pool (TIP), a strategic investment fund advised by DTCP, announces its investment in ID Quantique (IDQ), a leading quantum-safe network encryption and secure quantum key generation and distribution provider. IDQ addresses the next-generation security need of the financial industry, enterprises and government organisations globally.
Hamburg, Germany, February 12, 2019 – TIP, a strategic investment fund advised by DTCP, announces the investment in Swiss cryptography company IDQ, joining existing investor South Korea Telecom (SK Telecom). This follows signing of the strategic cross-investment agreement between Deutsche Telekom AG and SK Telecom in October 2018.
“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.
IDQ’s solutions have been implemented by a diverse customer base, including the government and financial sector, as well as telecoms, critical infrastructure and aerospace.
“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.
TIP focuses on investments with significant strategic impact for Deutsche Telekom. The TIP fund is advised by DTCP.
About ID Quantique
Founded in 2001 as a spin-off of the Group of Applied Physics of the University of Geneva, 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 – where trust is paramount.
Additionally, IDQ is a leading provider of optical instrumentation products, most notably photon counters and related electronics. The company’s innovative photonic solutions are used in both commercial and research applications.
IDQ’s products are used by government, enterprise and academic customers in more than 60 countries and on every continent. IDQ is proud of its independence and neutrality, and believes in establishing long-term and trusted relationships with its customers and partners.
For more information, visit www.idquantique.com.
About Deutsche Telekom: https://www.telekom.com/companyprofile
DTCP is an investment management group with approx. $1.6 billion in assets under management and advisory from Deutsche Telekom and other institutional investors, and a portfolio of over 60 companies. The group provides venture and growth capital, special situation investments and advisory services to the technology, media and telecommunication sectors. It operates and invests in Europe, the US and Israel. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.