Quantum Computing Inc. to Acquire QPhoton

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Quantum Computing Inc. (QCI) has entered into a definitive agreement to acquire QPhoton. The two companies entered a business partnership in February, including an exclusive marketing agreement. The companies had been working together to merge QCI’s quantum software solution Qatalyst with QPhoton’s advanced photonics quantum technologies for applications in QCI’s specific solutions.

The acquisition serves to extend QCI’s offerings and accelerate the accessibility of quantum computing and other technologies into deployable solutions, and it makes QCI a full-spectrum quantum software and hardware company.

QPhoton will be a wholly owned subsidiary of QCI, and QPhoton CEO Yuping Huang is expected to join QCI as a director and officer. The transaction is expected to close during the third or fourth quarter of 2022 and is subject to customary and other closing conditions.

Published: May 2022
The term quantum refers to the fundamental unit or discrete amount of a physical quantity involved in interactions at the atomic and subatomic scales. It originates from quantum theory, a branch of physics that emerged in the early 20th century to explain phenomena observed on very small scales, where classical physics fails to provide accurate explanations. In the context of quantum theory, several key concepts are associated with the term quantum: Quantum mechanics: This is the branch of...
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