Arqit creates 2,000 jobs and launches QuantumCloud platform
Arqit, a British cybersecurity company, has announced the launch of a new quantum cybersecurity platform designed to solve current and future threats to the security of internet communications. This launch has meant the company plans to create up to 2,000 jobs in the UK after its move to list in New York through a $1.4 billion blank-cheque deal.
The platform, QuantumCloud, uses transformational innovation in both quantum physics and crypto-mathematics, and has been developed over the course of four years of collaboration with the UK Government, BT, and Virgin Orbit.
Arqit and BT have also announced that BT has agreed to a contract to become Arqit's exclusive reseller in the UK, incorporating their products into its wider portfolio of security solutions. Virgin, has invested via its Virgin Orbit subsidiary in the Arqit financing transaction as well as signing contracts to launch the first two Arqit satellites, targeted for 2023.
Howard Watson, Chief Technology Officer of BT said: "BT has been undertaking pioneering research in quantum security for many years, including working with Arqit on the research and concepts behind their technology. This launch is a great example of the innovation and capabilities that are being developed through collaboration across the UK's technology ecosystem. We are proud to be providing this technology to UK customers, which will bolster our industry-leading security capabilities."
According to Arqit, QuantumCloud's reach is due to be expanded further through the usage of satellite technology. By 2023 Arqit plans to launch two quantum satellites, which will build on established QKD protocols to extend the capability to both create and transmit a backbone of secure keys to the data centres of Arqit's customers all over the world.
Arqit Co-Founder and Chairman David Williams said: "This is a global business and we are proud to have on the team some of the finest minds and capabilities from the US military and cyber, space and cloud tech markets. Also the UK's public and private start-up community must take considerable credit for providing the infrastructure and backing to build this business – which we believe will embed the UK at the heart of global cyber-security and quantum encryption commercial and government programmes for decades to come. In the course of the next few weeks and months we will be announcing a long list of international customer and partner initiatives which are testament to the regard in which the UK is held in this mission critical enterprise and we are grateful to the Government, BT, Virgin and other backers for their support in our development."
ServiceNow pumps millions into EU service compliance
ServiceNow, the digital workflow company, has announced a multimillion euro investment to help EU customers meet compliance requirements.
The legal, technical and organisational safeguards will help companies to comply with the the Schrems II judgment and European Data Protection Board (EDPB) Recommendations issued in June 2021.
ServiceNow’s investment means all EU-hosted data will be exclusively handled within the EU, and the cloud-hosted digital workflow provider claims its solution will come “without impact on current delivery and service”.
ServiceNow upgrade: free of charge
There will be no cost for current customers to opt in to the data compliance solution, even though ServiceNow is investing an unspecified multimillion euro sum and hiring more than 80 new staff across the bloc.
Mark Cockerill, vice president legal, EMEA and global head of privacy at ServiceNow, said: “With any regulation change, cloud services companies have a choice. They can adopt a ‘wait and see’ approach or get proactive and help customers and partners innovate. At ServiceNow we are on the front foot, continually investing in our customers, allowing them to operate with the highest level of choice and control over their EU data.
ServiceNow upgrade: ‘peace of mind’
“Our new EU-centric service delivery model will give our current customers and partners peace of mind. For customers and partners operating in highly regulated industries, or in the public sector, or those that have yet to make the switch to the cloud, this model gives them certainty and simplicity when selecting the cloud service that best suits their needs.”
Carla Arend, lead analyst, cloud in europe for IDC, said, “The Schrems II ruling has led European organizations to revisit their cloud-related data protection policies and processes when it comes to international data transfers through cloud services.
“Contractual, privacy, and security safeguards and the assurance that data will be kept and handled in the EU help European organizations to comply with European data protection laws while taking advantage of global cloud platforms. Vendors, such as ServiceNow, that invest to support their customers in response to this ruling are providing essential choice to their customers.”