Deutsche Telekom invests in Swiss cryptography company ID Quantique

Deutsche Telekom invests in Swiss cryptography company ID Quantique

Telekom Innovation Pool (TIP), a strategic investment fund advised by Deutsche Telekom Capital Partners (DTCP), announces the investment in ID Quantique, 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.

“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 by the investment in IDQ. We at Deutsche Telekom 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.

 

About DTCP

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.

 

Contact information:

Catherine Simondi – Corporate Communications & PR, ID Quantique
catherine.simondi@idquantique.com or + 41 22 301 83 71

 

DTCP announced:

DTCP invests in Swiss quantum-cryptography company IDQ

•Telekom Innovation Pool (TIP), a strategic investment fund advised byDTCP, announces its investment inID Quantique (IDQ), a leadingquantum-safe network encryptionandsecure 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(SKTelecom). This follows signing of thestrategic cross-investment agreement between Deutsche Telekom AG and SKTelecomin October 2018.“IDQ is a clear leader in the promising quantumcryptography space.We areimpressed 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 DirectorDTCP. 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 withthe investment in IDQ. Webelieve that IDQ’s solutionscan play a role in improving network security for our customers,” said Alex Choi, SVP Strategy & Technology Innovation atDeutsche Telekom.TIP focuses on investments with significant strategic impact for Deutsche Telekom.The TIP fund is advised by DTCP.About ID QuantiqueFounded 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 instrumentationproducts, 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/companyprofileAbout DTCPDTCP 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 providesventure 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

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