Reliance Global Group Signs Definitive Agreement to Acquire Controlling Stake in Post-Quantum Cybersecurity Company Enquantum

Core Viewpoint - Reliance Global Group, Inc. is set to acquire a controlling interest in Enquantum Ltd., a company specializing in post-quantum cryptography, as the demand for quantum-resilient cybersecurity solutions accelerates due to advancements in quantum computing [1][2]. Company Overview - Reliance Global Group, Inc. operates in the InsurTech sector, leveraging AI and cloud technologies to enhance efficiencies in the insurance industry [8]. - The company has launched the Scale51 operating model, focusing on acquiring majority stakes in high-growth technology companies to expand market reach and create long-term shareholder value [9]. Acquisition Details - Reliance will acquire a 51% controlling ownership in Enquantum through its subsidiary, EZRA International Group, with a total purchase price of $2,125,000, structured in milestone payments over approximately 10 months [3]. - The initial closing will grant Reliance an 8% ownership position, with plans to increase this to 51% through additional share issuances tied to performance milestones [3]. Strategic Importance - The acquisition aligns with Reliance's Scale51 model, emphasizing majority ownership and active support in governance and market expansion [4]. - Enquantum is developing hardware-accelerated cryptographic solutions that meet NIST standards, addressing performance issues in existing cybersecurity measures [4]. Market Context - The shift towards post-quantum security is becoming urgent as quantum computing poses risks to current encryption methods, impacting sectors such as financial services, cloud infrastructure, and public-sector systems [2][6]. - Reliance views the post-quantum cybersecurity market as a significant opportunity, particularly in infrastructure-intensive environments where performance and compliance are critical [6].