crypto strategy

SandboxAQ acquires Cryptosense to accelerate the deployment of PQC solutions in organizations – Help Net Security

SandboxAQ acquired Cryptosense, just weeks after the company unveiled its strategic investment program and initial investment in evolutionQ.

The acquisition of Cryptosense complements and accelerates the deployment of SandboxAQ’s post-quantum cryptography (PQC) solutions to enterprises and government institutions worldwide.

SandboxAQ’s cybersecurity products allow large enterprises to extend cryptography management across their entire IT infrastructure, giving CISOs a single, 360° view of how encryption is used across the enterprise – a essential first step in migrating to PQC.

This migration to enhanced cybersecurity is important for critical infrastructure sectors such as financial services, technology, energy, biopharma, logistics and government.

Cryptosense is used by technology and financial services organizations and is another NIST NCCOE partner.

The combined customer relationships will help SandboxAQ bring its PQC solutions to market faster and protect these organizations and their customers against existing and emerging quantum threats, such as Store Now, Decrypt Later (SNDL) attacks.

“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 market is accelerating the deployment of more effective crypto solutions to protect the world against the security threats of today and tomorrow,” said Jack D. HidaryCEO of SandboxAQ.

“The caliber of the Cryptosense team is recognized throughout the information security community, under the leadership of Graham Steel and Clément Jeanjean. We welcome Cryptosense to the SandboxAQ family and look forward to our continued success as one company,” Hidary continued.

dr. Graham Steel, Founder of Cryptosense, added, “The complementary functionality and expertise between Cryptosense and SandboxAQ allows us to build and deliver large-scale SaaS solutions with more tactile customer service. Implementing the PQC is key to protecting the world’s sensitive data and together we will have greater impact.

Cryptosense was advised by Stifel and Hogan Lovells. SandboxAQ was advised by Morgan Lewis.

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