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Reliance Global Group Signs Definitive Agreement to Acquire Controlling Stake in Post-Quantum Cybersecurity Company Enquantum
Globenewswire· 2026-02-09 13:07
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].
Reliance Global Group Announces Strategic Launch of Scale51 Operating Model Through EZRA International Group
Globenewswire· 2026-02-04 13:30
Core Viewpoint - Reliance Global Group, Inc. is launching Scale51, a strategic initiative aimed at acquiring controlling stakes in technology companies to enhance growth and scalability within the U.S. market [1][2][3] Group 1: Strategic Expansion - Scale51 is designed to acquire 51% stakes in technology-driven businesses, focusing on sectors such as Artificial Intelligence, Cybersecurity, FinTech, InsurTech, MedTech, and Digital Health [2][4] - The initiative aims to leverage the company's existing InsurTech operations as a stable foundation for supporting the growth of acquired companies [2][3] Group 2: Operational Execution - Scale51 emphasizes hands-on operational execution and milestone-driven value creation, aligning governance, execution, and capital allocation [3] - The company plans to utilize its public infrastructure and operational expertise to assist portfolio companies at critical development stages [3] Group 3: Initial Transactions - Potential transactions with Enquantum Ltd., a cybersecurity firm, and Scentech Medical, an AI-driven diagnostics company, are expected to be among the first under the Scale51 model [4] - These transactions are subject to traditional closing conditions and due diligence, with the aim of structuring around defined operational milestones [4] Group 4: Leadership Insights - The CEO of Reliance Global Group stated that Scale51 aims to transform strong technology companies into scalable businesses, connecting insurance operations with technology to drive long-term shareholder value [5] - The Senior Vice President highlighted the importance of not just innovation but also the ability to scale technologies effectively in the global market [6] Group 5: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud technologies to enhance efficiencies in the insurance industry [7][8] - The company operates various platforms, including RELI Exchange for B2B and 5minuteinsure.com for B2C, alongside its strategic growth platform, EZRA International Group [8]
Reliance Global Group Announces 36% Year-over-Year Increase in Personal Lines Property and Casualty Written Premium Through RELI Exchange
Globenewswire· 2026-02-02 15:51
Core Viewpoint - Reliance Global Group, Inc. has reported significant growth in Personal Lines Property and Casualty (P&C) written premium through its RELI Exchange platform, indicating strong operational momentum and the effectiveness of its expanding agency partner network [1][2][3]. Group 1: Financial Performance - Personal Lines P&C written premium increased from approximately $11.47 million in 2024 to approximately $15.6 million in 2025, representing a 36% year-over-year increase [3]. - This growth in written premium is a substantial majority of RELI Exchange's total Personal Lines premium, serving as a meaningful indicator of production trends [3]. Group 2: Agency Network Expansion - Since acquiring RELI Exchange in 2022, the company has expanded its agency partner network from approximately 65 to approximately 300 partners, driven organically through expanded distribution [4]. - The growth of the agency partner network is directly contributing to increased production and premium volumes within the RELI Exchange platform [5]. Group 3: Strategic Initiatives - The company believes that the scalability of RELI Exchange, supported by a stable foundation of revenue and cash flow, positions it to pursue transformative opportunities through its EZRA International Group platform [6][11]. - EZRA International Group focuses on identifying and acquiring high-growth technology companies, complementing the core insurance business and supporting long-term shareholder value creation [11].
Reliance Global Group Reports 72% Increase in Health Insurance Policies Written Through RELI Exchange During 2025 Open Enrollment
Globenewswire· 2026-01-30 13:30
Policy growth reflects strong execution and expanding distribution across RELI Exchange platform Broker network expanded from approximately 65 to approximately 300 since acquisition in 2022 LAKEWOOD, NJ, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced strong operating momentum across its insurance operations, highlighted by a significant year-over-year increase in health insurance policies written through its RELI Exchange, LLC subsidiary during t ...
Reliance Global Group promotes Moshe Fishman to SVP, Strategic Ventures
ReinsuranceNe.ws· 2026-01-30 08:00
Core Insights - Reliance Global Group, Inc. has promoted Moshe Fishman to Senior Vice President, Strategic Ventures, to drive growth in its core insurance and InsurTech operations while pursuing transformative growth through the EZRA International Group initiative [1][3] Group 1: EZRA Initiative - EZRA was established to acquire majority or controlling stakes in high-growth technology companies outside traditional insurance, aiming to act as a long-term owner and value builder [4] - The initiative targets opportunities that can significantly enhance Reliance's growth profile through transformative technologies, supported by a disciplined transaction approach and active post-close execution [4] Group 2: Role of Moshe Fishman - Fishman will lead the execution and scaling of the EZRA platform, including sourcing and evaluating opportunities, structuring and leading transactions, and collaborating with acquired companies post-closing [5] - Since joining Reliance in 2021, Fishman has been instrumental in integrating technology and artificial intelligence into the company's insurance operations, modernizing workflows, and improving data utilization for scalable growth [6] Group 3: Leadership and Strategy - Ezra Beyman, Chairman and CEO of Reliance, emphasized Fishman's strong leadership in transaction structuring and integration, which is crucial for moving from strategy formation to platform execution [7] - Fishman stated that the insurance business provides a stable foundation for the company, while EZRA allows for the pursuit of long-term growth opportunities through disciplined execution and selective acquisitions [7]
Reliance Global Group Announces Closing of $2 Million Public Offering
Globenewswire· 2026-01-29 21:05
LAKEWOOD, N.J., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced the closing of its previously announced public offering of 7,407,408 shares of common stock (or pre-funded warrants in lieu thereof), together with warrants to purchase up to 14,814,816 shares of common stock at a combined public offering price of $0.27 per share (or pre-funded warrant in lieu thereof) and associated warrants. The warrants have an exercise price of $0.27 per share, ar ...
Reliance Global Group Announces Pricing of $2 Million Public Offering
Globenewswire· 2026-01-28 15:05
Core Viewpoint - Reliance Global Group, Inc. has announced a public offering of 7,407,408 shares of common stock at a price of $0.27 per share, along with warrants to purchase up to 14,814,816 additional shares, aiming to raise approximately $2 million for working capital and M&A strategies [1][2]. Group 1: Offering Details - The public offering includes 7,407,408 shares of common stock and associated warrants at a price of $0.27 per share [1]. - The warrants will have an exercise price of $0.27 per share, are exercisable upon issuance, and will expire two years after issuance [1]. - The expected closing date for the offering is around January 29, 2026, pending customary closing conditions [1]. Group 2: Financial Aspects - The gross proceeds from the offering are anticipated to be approximately $2 million before deducting fees and expenses [2]. - The net proceeds will be utilized for working capital, M&A strategies, and general corporate purposes [2]. Group 3: Company Overview - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [5]. - The company operates the RELI Exchange platform, providing independent insurance agencies with business development tools to compete with larger agencies [5]. - Additionally, the company runs 5minuteinsure.com, which offers competitive online insurance quotes for consumers seeking auto, home, and life insurance [5].
Reliance Global Group Promotes Moshe Fishman to Senior Vice President, Strategic Ventures
Globenewswire· 2026-01-28 12:00
Expanded role positions Company to scale its core insurance business while pursuing transformative growth through EZRA International GroupLAKEWOOD, N.J., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced the promotion of Moshe Fishman to Senior Vice President, Strategic Ventures. In this expanded role, Mr. Fishman will continue to drive the growth of Reliance’s core insurance and insurtech operations while leading the Company’s efforts to identify a ...
Reliance Global Group Enters Term Sheet to Acquire Controlling Stake in Enquantum, a Post-Quantum Cybersecurity Company
Globenewswire· 2026-01-26 14:00
Enquantum’s hardware-accelerated post-quantum cryptography targets what certain industry participants believe could represent a significant transition in cybersecurity standards over timeLAKEWOOD, NJ, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: EZRA) (the “Company”) today announced that it has entered into a non-binding term sheet to acquire a controlling interest in Enquantum Ltd., a post-quantum cryptography technology company addressing what many experts view as an emerging and ...