CMS Info Systems acquires FSS ATM management business for ₹115 crore - Business Standard
CMS Info Systems→FSS ATM management business
Mar 29, 2026
Reliance Global Group, a Nasdaq-listed technology company, has completed its strategic acquisition of Enquantum Ltd., a post-quantum cybersecurity business based in New Jersey. The transaction gives Reliance a controlling stake and is positioned as a platform buildout under its Scale51 operating model, with the company outlining a pathway toward majority control as Enquantum is integrated into its broader operating structure. The deal value was not disclosed.
The acquisition targets a key transition in cybersecurity infrastructure as quantum computing advances raise concerns about the long-term security of widely used encryption standards such as RSA and elliptic-curve cryptography. The shift toward post-quantum cryptography is increasingly driven by “harvest now, decrypt later” risk, where encrypted data collected today could be decrypted in the future. Enquantum develops quantum-resilient, NIST-aligned encryption technology designed for performance-sensitive environments, reflecting demand from financial services, cloud, telecommunications, government, and other sectors that rely on encryption for data protection and system integrity.
Reliance did not provide additional deal mechanics beyond completion and the controlling-stake structure. The company framed the move as part of a multi-year global upgrade cycle for quantum-resilient security, emphasizing the operational and integration timelines required for cryptographic migration, including hardware implementation, network changes, and compliance validation.
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