Enquantum Acquired by Reliance Global Group — Technology M&A

Reliance Global Group, Inc. has entered into a definitive agreement to acquire a controlling interest in Enquantum Ltd., an add-on transaction in the technology and cybersecurity space. The deal contemplates Reliance acquiring an initial stake through its subsidiary, EZRA International Group, with the parties targeting 51% ownership. The reported purchase price is $2.125 million, with additional consideration structured through milestone-based payments to reach the majority position. Deal size is described as under $10 million, and the transaction is expected to close within about 30 days.

Enquantum focuses on post-quantum cryptography, a segment gaining strategic importance as advances in quantum computing increase pressure on existing encryption standards. For Reliance, the acquisition is positioned as an expansion of its cybersecurity technology portfolio and aligns with its “Scale51” approach, which emphasizes taking majority stakes in high-impact technology markets and providing operational support to drive growth. The move also reflects broader market demand for quantum-resistant security capabilities across industries handling sensitive data.

While the announcement centers on the path to 51% ownership, the key terms disclosed include the initial $2.125 million payment and the milestone-based structure for the remainder of the consideration. Reliance did not indicate additional financial details beyond the reported amounts, but the timeline suggests a near-term closing subject to customary conditions.