• Telekom Innovation Pool (TIP), a strategic investment fund advised byDTCP, announces its investment in ID Quantique (IDQ), a leading quantum-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

TIP, a strategic investment fund advised by DTCP, announcesthe investmentin Swiss cryptography company IDQ, joining existing investorSouth 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 with the 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.