Arqit And Carahsoft Partner To Bring Symmetric Key Agreement Cybersecurity Product To The US Public Sector

Groundbreaking Cybersecurity Solution Now Available to US Government Agencies

LONDON and RESTON, Va., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider^®, today announced a partnership. Under the agreement, Carahsoft will be Arqit’s Master Government Aggregator^®, making Arqit’s unique Symmetric Key Agreement Platform available through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2), National Association of State Procurement Officials (NASPO) ValuePoint, E&I Cooperative Services Contract and OMNIA Partners contracts.

Cyber adversaries employing “store-now, decrypt-later” attacks and stockpiling encrypted data to crack it open with quantum computers, presents long-term danger to organizations with sensitive data. Arqit’s Symmetric Key Agreement Platform will enable end-customers to move simply and securely from a complex public-key infrastructure, which is vulnerable to a powerful quantum computer and relies on third parties, to a platform that is designed for the cloud and a world of connected devices.

“We are pleased to partner with Carahsoft to enable organizations to benefit from our unique Symmetric Key Agreement Platform, which hardens existing networks up to quantum-safe levels,” said David Williams, Arqit Founder, Chairman and CEO. “Using our groundbreaking product, end-customers can simplify and strengthen their encryption to keep their data safe from current and future cyber threats.”

“With the addition of Arqit’s Symmetric Key Agreement Platform to our offerings, we are able to provide government agencies with the cutting-edge cybersecurity products required to meet newly enhanced regulations,” said Brian O’Donnell, Vice President of Cybersecurity Solutions at Carahsoft. “We look forward to working with Arqit and our reseller partners to supply the Public Sector with advanced cryptographic technology that will ensure the resilience of our critical systems.”

Arqit’s solutions are available through Carahsoft’s SEWP V contracts NNG15SC03B and NNG15SC27B, ITES-SW2 Contract W52P1J-20-D-0042, NASPO ValuePoint Master Agreement #AR2472, E&I Contract #EI00063~2021MA and OMNIA Partners Contract #R191902. For more information, contact the Carahsoft team at (571) 662-4771 or EcosystemVendors@carahsoft.com.

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption Platform as a Service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compliant with NSA standards, Arqit’s Symmetric Key Agreement Platform delivers a lightweight software agent that allows devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and operate over zero trust networks. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The Product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Recognised for groundbreaking innovation at the Institution of Engineering and Technology awards in 2023, Arqit has also won the Innovation in Cyber Award at the National Cyber Awards and Cyber Security Software Company of the Year Award at the Cyber Security Awards. Arqit is ISO 27001 Standard certified. www.arqit.uk

About Carahsoft’s Cybersecurity Solutions Portfolio

Carahsoft's Cybersecurity solutions portfolio includes leading and emerging technology vendors that enable organizations to defend against cyber threats, manage risk and achieve compliance. Supported by dedicated Cybersecurity product specialists and an extensive ecosystem of resellers, integrators and service providers, we help organizations identify the right technology for unique environments and provide access to technology solutions through our broad portfolio of contract vehicles. Our cybersecurity portfolio includes solutions for Supply Chain Risk Management, Cloud Security, Network & Infrastructure, Identity & Access Management, Risk & Compliance and more, ensuring comprehensive protection for organizations' cyber ecosystems. Explore Carahsoft’s Cybersecurity solutions further here.

About Carahsoft

Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider^®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator^® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and Engagement and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at www.carahsoft.com.

Media relations enquiries:

Arqit: pr@arqit.uk
Gateway: arqit@gateway-grp.com

Mary Lange
(703) 230-7434
pr@carahsoft.com

Investor relations enquiries:

Arqit: investorrelations@arqit.uk
Gateway: arqit@gateway-grp.com