BTQ Technologies Corp. (Nasdaq: BTQ) has cleared the last regulatory hurdle to fully acquire QPerfect, a French quantum computing firm, the company said on July 1, 2026. The Vancouver-based c
BTQ Technologies Corp. (Nasdaq: BTQ) has cleared the last regulatory hurdle to fully acquire QPerfect, a French quantum computing firm, the company said on July 1, 2026.
The Vancouver-based company said it received approval from Foreign Direct Investment authorities to complete the purchase of QPerfect SAS (QPerfect), which is based in Strasbourg, France.
The deal values QPerfect at up to 24.26 million euros, or roughly $27.66 million. That breaks down into a closing payment of 18.59 million euros ($21.20 million, approximately), comprising €2.02 million paid in cash and €16.57 million paid through the issuance of BTQ shares, and an earnout of up to 5.67 million euros (around $6.47 million) tied to performance milestones.
"Completing the acquisition of QPerfect is an important milestone for BTQ," said Olivier Roussy Newton, CEO and Chairman of BTQ. "QPerfect brings world-class quantum software, emulation, digital twin, and neutral atom expertise into our organization."
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QPerfect was founded in 2023 and has spent three years building software infrastructure for quantum hardware developers. It was recognized with France's i-Lab Grand Prix.
The acquisition brings three technologies into BTQ:
Philippe Blot, who founded QPerfect and stays on as its CEO under the new ownership, described the rationale plainly.
"We built QPerfect to solve one of the hardest problems in quantum computing — making quantum systems testable, reproducible, and deployable at scale," he said. "BTQ shares that ambition, and brings the global infrastructure and security focus to help us go further, faster."
QPerfect's Strasbourg base gives BTQ a direct presence in Europe's quantum research ecosystem, with access to university partnerships and technical expertise in neutral atom computing and quantum design automation.
The firm's recent research points to that depth. One paper published earlier this year introduced Noise Tailoring, a method that, combined with error mitigation, can be up to five times more accurate than error mitigation alone. A second introduced a decoder for neutral-atom quantum processors that reported up to a tenfold reduction in logical error probability.
The global quantum computing market was worth roughly $1.4 billion in 2025 and is projected to reach about $3 billion by 2028, growing around 30% a year, according to industry estimates.
Bain and Company has put the long-term potential as high as $250 billion across pharmaceuticals, finance, logistics, and materials science.
The security side, which is BTQ's focus, is growing even faster. The post-quantum cryptography market was about $1.6 billion in 2025 and is projected to hit $20.5 billion by 2033, a compound annual growth rate of nearly 38%, per SNS Insider.
The driver is what security researchers call "harvest now, decrypt later," the idea that attackers can steal encrypted data today and unlock it once quantum computers are powerful enough. The threat is taken seriously enough that the National Institute of Standards and Technology finalized its first three post-quantum encryption standards in August 2024 and selected a fourth algorithm in 2025.
NIST wants quantum-vulnerable encryption removed from its standards by 2035, and the National Security Agency requires quantum-safe algorithms for new national security systems by January 2027.
Adoption still lags the alarm, though.
A Bain survey found 73% of IT security professionals expect post-quantum risk within five years, but only 9% of tech leaders have an actual transition roadmap in place. That gap is the commercial opening companies like BTQ are chasing.
BTQ's broader focus is helping organizations migrate from today's classical security infrastructure toward post-quantum cryptography.
The concern is that future quantum computers could break the encryption that currently protects financial systems, communications, and, by extension, networks like Bitcoin.
QPerfect's MIMIQ will sit alongside BTQ's existing Quantum Computation-In-Memory initiative, extending the company's roadmap into simulation, validation, and testing for sectors including telecommunications, defense, finance, and critical infrastructure.
Newton said the deal expands BTQ's ability to help organizations prepare for "the software, modeling, and control layers needed for future quantum systems."
Related: New study identifies real quantum threat to Bitcoin
