Announced
Completed
Financials
Sources
Tags
Friendly
Completed
Private
security software
Cross Border
France
Acquisition
Software
Single Bidder
Majority
Synopsis
SandboxAQ, an enterprise SaaS company delivering the compound effects of AI and Quantum tech, completed the acquisition of Cryptosense, a cybersecurity and encryption analysis software company. Financial terms were not disclosed. "Rapid advances in quantum computing and AI challenge the effectiveness and performance of existing cryptography-based cybersecurity solutions. The combined leadership, talent, and expertise that SandboxAQ and Cryptosense bring to the marketplace accelerates the deployment of more effective cryptography solutions to protect the world against the security threats of today and tomorrow. The caliber of the Cryptosense team is recognized throughout the information security community, with the leadership by Graham Steel and Clément Jeanjean. We welcome Cryptosense to the SandboxAQ family and look forward to our continued success as one company," Jack D. Hidary, SandboxAQ CEO.
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