(QuantumXchange) Quantum Xchange has announced an expanded leadership team to meet the vast market opportunity for protecting data in motion now and into the quantum era. The company has appointed Eddy Zervigon as its new Chief Executive Officer (CEO), Holly Neiweem as Chief Financial Officer (CFO), and Shahryar Shaghaghi as Chief Technology Officer (CTO).
The leadership changes come at a pivotal time for the company whose product line and strategic direction has undergone significant expansion opportunities with the introduction of Phio Trusted Xchange (TX) in late 2019. The first-of-its-kind, crypto-agile key distribution system supports quantum keys in any format and is uniquely capable of making traditional keys quantum-safe now, immediately improving an organization’s security posture while preparing them in an easy and affordable manner for the looming quantum threat. For organizations with long shelf-life data to protect, Phio TX safeguards against the immediate threat of harvesting attacks – when encrypted data is stolen and stockpiled, waiting for the day when a quantum computer can break the encryption.
Because Phio TX can support both math and physics-based encryption techniques – most notably Post-Quantum Cryptographic (PQC) algorithms, Quantum Key Distribution (QKD), and Quantum Random Number Generated (QRNG) keys – it straddles the QKD market, expected to reach $6.17 billion by 2025[i] and the PQC market projected to reach $9.5 billion in 2029[ii].
Zervigon brings a wealth of financial and leadership experience, having led early stage investments in such technological trailblazers as DigitalGlobe and Bloom Energy for Morgan Stanley. Recently, he has advised and led investments in several start-ups such as Enovix Corporation and C3Nano. He currently serves on the boards of Bloom Energy and Maxar Technologies, both traded on the New York Stock Exchange.
“We are extremely grateful to Zervigon’s predecessor John Prisco for his tenure with the company and cementing Quantum Xchange as the U.S. market leader in quantum communications,” said Hal Chapel, founding CEO and board member of Quantum Xchange. “The company has done great things to date and we are confident that under Eddy’s leadership this tradition will continue. He brings great vision, financial prowess, and a proven track-record in identifying and nurturing young companies in emerging markets.”