Reliance Global Closes Enquantum Deal
Reliance Global Group has closed its transaction with Enquantum. The deal sets the company on a path to acquire majority control of the post-quantum cybersecurity platform. The company noted that the global transition to post-quantum encryption is expected to drive a multi-year upgrade cycle in the cybersecurity industry.
- Reliance will acquire a 51% controlling stake for an aggregate purchase price of $2,125,000, which places a pre-money valuation on Enquantum of $2.041 million. - The purchase is structured in milestone-based tranches over an anticipated 10-month period, starting with an initial 8% stake. - This is the first acquisition under Reliance's "Scale51" operating model, a strategy run by its EZRA International Group subsidiary to take majority control of high-impact tech companies. - Enquantum develops hardware-accelerated, NIST-aligned post-quantum cryptographic solutions and was granted a patent in 2025 for FPGA-based encrypted communications. - The technology is designed to counter "harvest now, decrypt later" strategies, where bad actors steal encrypted data with the intent of decrypting it once quantum computers are powerful enough to break current standards. - According to market projections, the global post-quantum cryptography market is expected to grow from approximately $1.2 billion in 2026 to over $13 billion by 2035. - The transaction was announced by Ezra Beyman, Chairman and CEO of Reliance Global Group, and Roman Vercetti, CEO of Enquantum Ltd.
