Technology

Quantum Computing Inc. Reports Second Quarter 2026 Financial Results

Published

3 hours ago

August 10, 2026

Q2 revenue increases to $5.6 million from $61 thousand in Q2 ’25Company completes strategic acquisition of NHanced Semiconductors, Inc., launching Fab 2 to advance key roadmap initiatives and expand U.S.-based manufacturing capabilitiesEnds quarter with $1.3 billion in cash, cash equivalents and investments

HOBOKEN, N.J., Aug. 10, 2026 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today released financial results for the three months ended June 30, 2026.

Dr. Yuping Huang, Chief Executive Officer of QCi, commented, “During the second quarter, we continued to execute on our strategy of making our quantum products smaller, more practical and more accessible. Our room-temperature photonic architecture continues to differentiate QCi by providing a pathway to practical quantum systems with significantly lower complexity, cost and power requirements than competing approaches. At the same time, we are expanding the capabilities of fast prototyping and volume production that not only support our future quantum roadmap but also address growing commercial markets today.

“With the acquisition of NHanced Semiconductors, Inc. (“NHanced”) – our third acquisition this year – we launched Fab 2 ahead of schedule, significantly expanding our advanced packaging and semiconductor manufacturing capabilities and accelerating our transition toward scalable, cost-effective production of miniaturized nanophotonic quantum technologies. During the quarter, we also brought NeuraWave, our next-generation photonic reservoir computing platform, to commercial readiness, and subsequently entered into a framework agreement with Planck Dynamics. This agreement supports the deployment of our NeuraWave systems for next-generation AI applications, providing strong market validation of our photonic computing technology.

“In addition, we successfully delivered and installed our Dirac-3 quantum optimization machine at a leading global consulting firm for use with its enterprise customers on complex optimization applications, including portfolio optimization. This deployment represents another important commercial milestone for QCi and demonstrates growing market demand for practical quantum optimization solutions.

“We also received a purchase order from a world-leading university for our quantum secure communications system. This order represents continued commercial traction for our quantum communications portfolio and further recognition of our technology by a premier research institution.

“Supported by a strong balance sheet, we remain well positioned to continue integrating our recent acquisitions, expand our commercial and government customer base and invest in the technologies and manufacturing capabilities that support both our commercial businesses and our long-term quantum roadmap. As we look to the second half of 2026, we stay focused on executing our roadmap and delivering on our mission of putting quantum into the hands of everybody.”

Second Quarter 2026 Financial Highlights

Second quarter 2026 revenues totaled $5.6 million compared to $61 thousand in the second quarter of 2025, and $3.7 million in the first quarter of this year. Second quarter revenue was generated across QCi’s integrated portfolio of quantum and photonics technologies, products and services, serving a diverse range of government, educational, and commercial customers. Revenue was primarily driven by sales of photonics products that support QCi’s quantum technology roadmap while also addressing a broad range of existing aerospace, government and industrial applications.Operating expenses totaled $21.8 million compared to $10.2 million in the second quarter of 2025, up 114%. The year-over-year increase was largely due to higher headcount and related payroll costs for research and development efforts, sales and marketing, and acquisition-related transaction expenses of $7.3 million.Interest and other income totaled $13 million compared to $1.8 million in the second quarter of 2025. The increase was due to interest income generated from the Company’s larger cash and investment positions. The Company reported a net loss of $11.8 million, or a loss of $0.05 per basic share for the second quarter of 2026, compared to a net loss of $36.5 million or a loss of $0.26 per basic share, for the prior year period. The main reasons for the decrease in net loss were the change in fair value of a derivative liability, and higher revenue and interest income. In the second quarter of 2025 the Company realized a $28 million non-cash loss on the mark-to-market valuation of the Company’s warrant derivative liability, compared with a mark-to-market loss of only $1.7 million in the second quarter of 2026. As we have previously disclosed, the derivative liability is related to the merger with QPhoton in June 2022 and warrants issued with that transaction.Total assets as of June 30, 2026 were approximately $1.6 billion, relatively unchanged compared to December 31, 2025. Cash, cash equivalents and investments totaled approximately $1.3 billion as of June 30, 2026, compared to approximately $1.5 billion at year-end 2025. The cash balance reported at the end of the second quarter reflects our acquisitions of Luminar Semiconductor, Inc., NuCrypt, and NHanced Semiconductors, for which we used approximately $180 million in cash, including transaction expenses.Total liabilities as of June 30, 2026 were $47.2 million, an increase of $26.5 million compared to year-end 2025.As of June 30, 2026, the Company had stockholders’ equity totaling $1.6 billion.As of June 30, 2026, contract backlog was approximately $42.5 million.

Second Quarter 2026 Operational Highlights

Sold and Delivered Dirac-3 Quantum Optimization System: During June, QCi successfully sold, delivered and installed its Dirac-3 quantum optimization machine at a leading global consulting firm. The Dirac-3 system will support enterprise customers on complex optimization applications, including portfolio optimization. This represents an important commercial milestone for QCi’s quantum optimization business.Achieved Deployment-Ready NeuraWave: During the second quarter, QCi announced that NeuraWave, its next-generation photonic reservoir computing platform, reached deployment readiness. NeuraWave combines photonic and digital computing to deliver fast, energy-efficient AI inference and advanced signal processing for edge computing applications across defense, telecommunications, robotics, healthcare industrial monitoring and other markets. Executed Framework Agreement with Planck Dynamics for NeuraWave Deployment: During the second quarter, QCi entered into a framework agreement with Planck Dynamics supporting the deployment of up to multiple dozens of NeuraWave photonic reservoir computing systems as customer milestones are achieved. The agreement represents an important commercial validation of NeuraWave’s readiness to address emerging AI infrastructure requirements and establishes a commercial framework with a potential aggregate program value in excess of $10 million, subject to the achievement of specified customer milestones and other conditions.Acquisition of NHanced Semiconductors, Inc.: During the second quarter, QCi completed the acquisition of NHanced Semiconductors, Inc., a U.S.-based advanced packaging foundry, for a combination of cash and QCi stock valued at $73.1 million, and up to an additional $72.0 million if certain performance targets are achieved. The NHanced acquisition launches Fab 2 ahead of schedule, significantly expanding QCi’s advanced packaging, semiconductor manufacturing and photonic integration capabilities while broadening the customer base served by these capabilities.Received Purchase Order from A World-Leading University For Quantum Secure Communications System: During the second quarter, QCi received an order from a leading university for its quantum secure communications system. The order reflects continued commercial traction and growing recognition of QCi’s quantum communications technology and will support the university’s research and development efforts to evaluate quantum-secure communications solutions as part of its work to advance secure networks of the future.Expanded Industry Engagement: During the second quarter, QCi participated in eight industry conferences and events, including The Economist Commercialising Quantum Global 2026 conference, Quantum Tech World conference and the Optica Quantum Industry Summit, strengthening customer relationships, strategic partnerships and QCi’s visibility across the photonics and quantum technology ecosystem.

Earnings Conference Call

The Company will host its second quarter 2026 call today, Monday, August 10, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/54283.

To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 222858.

A replay of the teleconference will be available until August 24, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 54283.

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, and delivering accessible, scalable, and cost-effective quantum machines, photonics products, and advanced packaging. The Company provides foundry services for photonic chips and semiconductor manufacturing and offers a vertically integrated portfolio spanning photonics and electronic components, subsystems, and full-stack systems.

Designed to operate at room-temperature with low-power requirements, QCi’s technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.

Headquartered in Hoboken, New Jersey, QCi also has operations in Arizona, California, Illinois, Indiana, Massachusetts, North Carolina and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum, photonics, and semiconductor technologies, accelerating commercialization and real-world adoption.

Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
investors@quantumcomputinginc.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to, future demand for quantum and photonic products, the Company’s ability to scale its technology and manufacturing capabilities, the Company’s ability to integrate and benefit from recent acquisitions, and the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

QUANTUM COMPUTING INC.

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income

(Unaudited, in thousands, except per share data)

Three Months Ended
June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Revenue

$ 5,551

$ 61

$ 9,242

$ 100

Cost of revenue

6,717

11,129

Gross (loss) profit

(1,166)

(1,887)

Operating expenses

Research and development

8,428

5,975

15,397

8,960

Sales and marketing

1,932

680

3,529

1,352

General and administrative

11,487

3,542

22,750

8,184

Total operating expenses

21,847

10,197

41,676

18,496

Loss from operations

(23,013)

(10,171)

(43,563)

(18,457)

Non-operating income (expense)

Interest and other income

12,954

1,843

26,449

3,539

Interest expense

(12)

(58)

(183)

(116)

Change in fair value of derivative liability

(1,682)

(28,096)

1,494

(4,466)

Loss before income tax provision

(11,753)

(36,482)

(15,803)

(19,500)

Income tax provision

–

Net loss attributable to common stockholders

(11,753)

(36,482)

(15,803)

(19,500)

Other comprehensive loss:

(945)

–

(4,767)

–

Total comprehensive loss

$ (12,698)

$ (36,482)

$ (20,570)

$ (19,500)

Loss per share:

Basic

$ (0.05)

$ (0.26)

$ (0.07)

$ (0.14)

Diluted

$ (0.05)

$ (0.26)

$ (0.07)

$ (0.14)

Weighted average shares used in computing net

loss per common share:

Basic

224,727

141,401

224,355

138,326

Diluted

224,727

141,401

224,355

138,326

QUANTUM COMPUTING INC.

Condensed Consolidated Balance Sheets

(Unaudited, in thousands, except par value data)

June 30, 2026

December 31,
2025

Assets

Current assets:

Cash and cash equivalents

$ 189,150

$ 737,880

Accounts receivable, net

6,856

519

Inventory

12,837

352

Short term investments

765,020

379,421

Accrued interest receivable

7,542

3,634

Prepaid expenses and other current assets

6,906

11,914

Total current assets

988,311

1,133,720

Property and equipment, net

42,898

12,971

Operating lease right-of-use assets

23,146

2,353

Intangible assets, net

29,107

6,500

Goodwill

181,455

55,573

Long-term investments

369,284

403,121

Accrued interest receivable – long term

3,920

4,551

Other non-current assets

1,082

131

Total assets

$ 1,639,203

$ 1,618,920

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$ 4,078

$ 778

Accrued expenses

6,951

9,135

Deferred revenue

3,774

395

Other current liabilities

3,797

766

Total current liabilities

18,600

11,074

Derivative liability

6,279

7,773

Operating lease liabilities

21,102

1,808

Other non-current liabilities

1,184

—

Total liabilities

47,165

20,655

Commitments and Contingencies (see Note 10)

Stockholders’ equity:

Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and

outstanding as of June 30, 2026 and December 31, 2025, respectively; 3,080 shares of Series B Preferred

Stock authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025,

respectively

–

Common stock, $0.0001 par value, 450,000 shares authorized; 226,319 and 224,165 shares issued and

outstanding as of June 30, 2026 and December 31, 2025, respectively

Additional paid-in capital

1,830,836

1,816,494

Accumulated deficit

(234,959)

(219,156)

Accumulated other comprehensive (loss) income

(3,862)

905

Total shareholders’ equity

1,592,038

1,598,265

Total liabilities and shareholders’ equity

$ 1,639,203

$ 1,618,920

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SOURCE Quantum Computing Inc.

Technology

Vield Announces Strategic Cyber Security Partnership with Revio to Bolster Defence-in-Depth Infrastructure

Published

9 minutes ago

August 10, 2026

SYDNEY, Aug. 11, 2026 /PRNewswire/ — To address the growing need for institutional-grade security and independent oversight in the digital asset sector, Vield, an Australian Bitcoin-backed finance company, today announced a strategic partnership with Revio Cyber Security. Through this collaboration, Revio will serve as Vield’s dedicated cyber security partner, providing independent security oversight to further deepen the company’s defensive posture.

As clients increasingly seek secure avenues for Bitcoin-collateralised credit and safekeeping, navigating the complexities of digital asset security requires a rigorous, multi-layered approach. Revio addresses this critical need by helping senior business leaders implement a risk-based cyber security strategy that spans people, roles, processes, and technology. This partnership directly extends Vield’s security infrastructure across the core pillars central to its brand: Safety, Security, and Transparency.

Revio joins Vield’s existing security relationships, namely institutional custody provided by Zodia Custody and security audit work by Hashlock. Together, these integrations reinforce Vield’s layered, defence-in-depth approach to protecting client assets and infrastructure.

“For a Bitcoin-backed lender, robust cyber security leadership is not just an operational requirement; it is the foundation of client trust,” said Johnny Phan, CEO of Vield. “By integrating Revio’s independent oversight into our ecosystem, we are actively reinforcing our core pillars of Safety, Security, and Transparency, ensuring our clients’ assets are protected by a comprehensive, defence-in-depth strategy.”

John Baird, Founder and CEO of Revio, added: “Taking a comprehensive, risk-based approach to cyber security is critical in the digital finance space. Drawing on my background in banking technology and cyber governance, our focus is to provide Vield with rigorous, independent oversight that strengthens their defensive posture and supports their commitment to safeguarding client assets.”

For more information about Vield’s Bitcoin-backed financial products and security infrastructure, visit [vield.io]. To learn more about Revio’s cybersecurity consulting services, visit [revio.tech].

About Vield

Vield is an Australian Bitcoin-backed finance company offering Bitcoin-collateralised credit and safekeeping products. It is an AUSTRAC-registered digital currency exchange provider (Vield Pty Ltd). This partnership with Revio extends Vield’s security infrastructure across the “Safety, Security, and Transparency” pillars central to its brand.

About Revio

Revio (Revio Cyber Security) is an independent cyber security consulting specialising in readiness, response and recovery. Revio helps senior business leaders take a risk-based approach to their organisation’s cyber security, spanning people, roles and responsibilities, process and technology when building a security strategy. Its founder and CEO, John Baird, is a former Chief Technology Officer for Asia/Pacific at Deutsche Bank, former Chairman of the NSW Government Cyber Security Advisory Council, and an Adjunct Fellow at Macquarie University.

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SOURCE Vield

Technology

FM Announces Acquisition of FortressFire

Published

1 hour ago

August 10, 2026

Transaction brings together FortressFire’s physics-based wildfire risk modeling platform and FM’s leading engineering and research capabilities

JOHNSTON, R.I., Aug. 10, 2026 /PRNewswire/ — Commercial property insurer FM today announced the acquisition of FortressFire, a leading provider of wildfire intelligence that combines machine learning and physics-based modeling. Financial details of the transaction were not disclosed.

Through a data-driven, science-backed approach to wildfire risk modeling, FortressFire helps protect homes, businesses and communities from wildfire loss. Operating as an independent, wholly owned division of FM, FortressFire’s platform enables insurers and property owners to better understand and manage wildfire risk down to an individual property level. Its wildfire intelligence solutions include aerial wildfire reports, monitoring, analytics, ground inspections and mitigation assessments to provide actionable, structure-specific insights and mitigation recommendations.

“FortressFire shares FM’s core belief in the power of data-driven, location-based risk mitigation and protection measures to help clients better understand and manage wildfire exposure,” said Malcolm Roberts, chairman and chief executive officer of FM. “The FortressFire team brings powerful tools to assess and mitigate wildfire risk, and we are excited to welcome them to the FM family.”

“For years we’ve argued that the best risk management is ignition prevention—and that the path to insurability runs through science,” said Michael Ashker, founder, chairman and chief executive officer of FortressFire. “To have an engineering-focused insurer of FM’s caliber put its capital and conviction behind that thesis is the strongest possible validation of what our team has built.”

Wildfire has long threatened property—but its risk has intensified in many parts of the world in recent years. FortressFire was built to reverse that cycle—quantifying ignition risk through fire physics, prescribing verifiable mitigation recommendations and monitoring properties to keep them protected over time.

The acquisition pairs FortressFire’s structure-specific wildfire intelligence with FM’s long engineering heritage, scientific research capabilities and balance sheet strength. FortressFire will continue to serve insurers, reinsurers, brokers, real estate professionals, lenders and property owners across the market under its own brand and leadership.

About FM
Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

Follow FM on LinkedIn, Instagram and Facebook. Visit our newsroom for updates on FM, and listen to our podcast, Sound Policy, on Spotify or Apple Podcasts.

About FortressFire
FortressFire brings together wildfire scientists, insurance professionals, technologists and fire mitigation experts to help protect homes, businesses and communities from wildfire loss. Most wildfire risk tools estimate how likely a fire is to happen. FortressFire goes further, determining whether a structure will ignite — and then preventing it. Through its proprietary AMP Platform — Assess, Mitigate, Monitor, Protect — FortressFire provides structure-specific wildfire vulnerability analysis, mitigation guidance, onsite inspection and ongoing monitoring and protection services. Using physics, thermodynamics, fire behavior modeling and structure-fuel analysis, FortressFire turns science into action with targeted protection that reduces loss. By quantifying ignition risk and validating mitigation effectiveness, FortressFire helps insurance carriers reduce loss, enables underwriters to improve precision and provides property owners with actionable next steps. Visit www.FortressFire.com to learn more.

MEDIA CONTACT
ROBERT JULAVITS
VP, STRATEGIC COMMUNICATIONS
M: +1 415-806-5120
ROBERT.JULAVITS@FM.COM

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Technology

Moneris announces acquisition by Francisco Partners

Published

1 hour ago

August 10, 2026

New investment from Francisco Partners and long‑term referral agreements with BMO and RBC further the company’s commitment to advancing Canadian commerce

TORONTO, and SAN FRANCISCO, Calif., Aug. 10, 2026 /PRNewswire/ — Moneris Solutions Corporation (“Moneris”), a leader in Canadian commerce solutions, and Francisco Partners (“FP”), a leading global investment firm that specializes in partnering with technology companies, today announced that FP has entered into a definitive agreement to acquire Moneris from Bank of Montreal (BMO) and Royal Bank of Canada (RBC), subject to customary regulatory approvals and closing conditions.

Under the terms of the agreement, FP will acquire Moneris for cash consideration of approximately C$2.0 billion, with BMO and RBC each receiving a 50 percent share. Further, long-term referral agreements have been established with both BMO and RBC, under which they will exclusively refer customers, reflecting Moneris’ position as Canada’s trusted payments and commerce partner and reinforcing the innovation, continuity and stability that Moneris is known for.

FP combines deep expertise in payments and fintech with extensive experience growing technology-enabled businesses globally. The firm has a strong track record of long-term investment and supporting operational excellence, innovation and growth, as evidenced by its investments in Hypercom, Paymetric, PayLease, NMI and Verifone, among others. Its investment in Moneris reflects confidence in the company’s mission, performance and future potential, while providing additional expertise, resources and strategic support to help accelerate the company’s next phase of growth and innovation.

As part of the transaction, Jeff Sloan, former President and CEO of Global Payments Inc., and a highly regarded payments industry leader, will join Moneris as Chairman. Sloan brings decades of global experience and a proven track record, complementing the strength of Moneris’ experienced leadership team.

As ownership transitions to FP, Moneris’ commitment to serving Canadian businesses will remain unchanged, as reflected in its leadership, people, presence and platforms, including nearly 2,000 team members across the country, a head office and technology infrastructure fully resident in Canada and a continued dedication to local communities from coast to coast to coast.

“This announcement marks an exciting next step in Moneris’ continued evolution as the company that powers Canadian commerce,” said James Hicks, President and CEO at Moneris. “With Francisco Partners’ deep global expertise in technology and payments, we are well-positioned to further accelerate our ambitious strategy and continue to broaden the wide choice of solutions, support and experiences we deliver to businesses to help them achieve their aspirations. Importantly, our commitment to our customers, partners and people remains unchanged, and we will continue to operate with the same focus, values and leadership that have defined Moneris for more than two decades. The deep relationships we have built with BMO and RBC extend well beyond ownership. Their decision to establish long-term referral agreements and maintain ongoing commercial relationships with Moneris reflects the confidence both organizations have in Moneris and provides a strong foundation for continuity, collaboration and long-term growth. I am also pleased to be working again with Jeff Sloan, whose industry experience and perspective will complement the strong momentum our team has built.”

“For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. “This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape. Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today.”

“Moneris has played a central role in enabling Canadian businesses to modernize and scale by connecting them with more consumers more often through innovative payments solutions across the commerce ecosystem,” said Sean Amato-Gauci, Group Head, Commercial Banking, RBC. “The trusted team, leading platforms and unwavering commitment to clients that Moneris is known for will be leveraged and amplified by Francisco Partners in this next stage of growth. We’re eager to see the accelerated investment in innovation and modernized solutions Moneris can bring to our valued business clients and the Canadian market.”

“Moneris is one of the strongest payments solution providers in North America, with a trusted brand, leading technology and a proven team that has helped shape the way Canadian businesses operate,” said Peter Christodoulo, Partner at Francisco Partners. “We see a significant opportunity to build on that foundation through continued investment in innovation, platform expansion and long-term growth, while preserving the deeply Canadian identity that has made Moneris a market leader, including its long-standing relationships with leading Canadian financial institutions, BMO and RBC.”

“Together with Jeff Sloan’s deep industry expertise and strategic counsel as Chairman, we are excited to support the Moneris team as they continue to deliver the technology, scale and reliability Canadian businesses need to thrive in an increasingly digital and AI-driven economy,” added Nate Zupan, Principal at Francisco Partners.

“Moneris has established itself as a leader, with a strong market position, a clear strategic vision and a talented team that is deeply committed to its customers and partners,” said Jeff Sloan. “The company has built significant momentum under James’ leadership and, having worked together in the past, I have tremendous confidence in his leadership team, the strategy they are executing and the opportunities ahead. With the investment and support of Francisco Partners, Moneris is well-positioned to accelerate that strategy and continue building on its strong foundation. I look forward to supporting Moneris and its leadership team as they continue creating value for customers, partners and stakeholders.”

Closing and approvals

The transaction remains subject to customary closing conditions and regulatory approvals, including under the Retail Payment Activities Act (Canada) and clearance under the Competition Act (Canada). The transaction is expected to close by the end of the first quarter of BMO and RBC’s fiscal year 2027.

PJT Partners served as exclusive financial advisor and Torys as exclusive legal advisor to Moneris. PJT Partners also advised Moneris’ shareholders. RBC Capital Markets and BMO Capital Markets served as financial advisors, and Blake, Cassels & Graydon LLP and Osler, Hoskin & Harcourt LLP served as legal advisors, to Moneris’ shareholders. Barclays, Goldman Sachs & Co. LLC and Wells Fargo served as financial advisors, and Kirkland & Ellis LLP and Stikeman Elliott LLP served as legal advisors to Francisco Partners.

About Moneris

Moneris is Canada’s leading commerce solutions provider, helping businesses of all sizes sell more, serve customers better and operate more efficiently. Moneris has powered Canadian commerce for more than 25 years. Today, Moneris helps businesses accept and manage payments at over 325,000 points of commerce, representing one in three transactions across the country.

Moneris offers ecommerce and omnichannel solutions, point-of-sale hardware and software, integrated business tools and data and insights, all backed by secure payment acceptance across in-store, online and mobile environments. As the only major provider in Canada with an in-house national Field Services team, Moneris ensures businesses are supported when and where they need it, through on-site installation and maintenance coast-to-coast-to-coast, and 24/7/365 support.

Headquartered in Toronto, with offices in Sackville, Montreal, Quebec City, Calgary and Burnaby, Moneris serves businesses of all sizes across industries and regions nationwide.

For more information, visit moneris.com.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $75 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

Forward-looking statements

This release contains forward-looking statements regarding the proposed transaction and potential future developments. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, including market, technology and regulatory requirements. Actual results may differ from those expressed or implied. Moneris undertakes no obligation to update forward-looking statements except as required by applicable law.

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SOURCE Moneris