Accenture and IonQ Collaborate to Accelerate Quantum Computing Into the Enterprise

Rhea-AI Summary

Accenture and IonQ have entered a multi-year partnership to drive quantum computing experimentation across various industries. This collaboration aims to leverage Accenture's expertise to help businesses innovate with IonQ's advanced quantum technology. With global demand for quantum solutions surging, CEO Peter Chapman emphasized the need for companies to prepare for transformative changes. IonQ's quantum systems are accessible via major cloud platforms, including AWS and Google Cloud. Accenture published a report, "Get Ready for the Quantum Impact," detailing business strategies for adopting quantum technology.

Positive

• Accenture and IonQ collaboration aims to drive quantum computing experimentation globally.
• Accenture's expertise will help businesses innovate using IonQ's advanced quantum technology.
• Quantum computing is linked to potential competitive advantages across various industries.
• IonQ's systems available through major cloud platforms enhance accessibility.

Negative

• Potential risks associated with the business combination between dMY and IonQ.
• Market competition may impact IonQ's operational performance.
• Dependence on timely completion of the transaction may lead to stock price volatility.

Multi-year, strategic relationship to help enterprises explore how quantum computing will transform their businesses and industries

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE: ACN) and IonQ are collaborating to accelerate quantum computing business experimentation in organizations globally and across industries. Accenture’s experience and skills in quantum, coupled with its ability to design and create customized industry solutions tailored to IonQ’s quantum computing technology, will help more companies innovate and become quantum ready.

The exploration of quantum in business is growing rapidly, driven by the anticipated business value and competitive advantage it promises to deliver. Quantum computing’s vast potential is persistent across every industry and realized by solving challenges that were previously unsolvable. Together, Accenture and IonQ will help clients explore and experiment with quantum solutions designed to address mission-critical business problems.

“Quantum computing will create unprecedented opportunities, and we want Accenture clients to be ready to seize them,” said Marc Carrel-Billiard, senior managing director and Technology Innovation lead at Accenture. “Whether in life sciences, energy distribution and storage, or logistics, quantum computing offers new and compelling ways to solve key business problems and generate new insights. IonQ’s systems can play a critical role in support of a company’s quantum journey, and we want to help our clients experiment with quantum and understand how it could potentially impact their business, as well as their broader industry.”

IonQ’s 11-qubit system is the only quantum computer available via the cloud on AWS’ Amazon Braket, Google Cloud and Microsoft Azure, and its 32-qubit system is one of the world's most powerful quantum computers. The company plans to develop modular quantum computers small enough to be networked together in 2023, which could help pave the way for broad quantum advantage by 2025. In September 2020, the company’ two co-founders, Jungsang Kim and Chris Monroe, were named to the White House's National Quantum Initiative Advisory Committee (NQIAC).

“The quantum computing revolution will reshape industries from top to bottom, and it’s imperative that businesses prepare for it now,” said IonQ CEO and chairman Peter Chapman. “Accenture has a proven track record of implementing next generation technologies and is deeply committed to delivering on the promise of quantum. We could not ask for a better partner to help us accelerate a quantum future that will change the world.”

Organizations seeking to better understand why and how they should approach preparing for the impact of quantum can learn more by reading Accenture’s “Get Ready for the Quantum Impact” research report.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

About IonQ

IonQ, Inc. is the leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s next-generation quantum computer is the world’s most powerful quantum computer, and IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Chris Monroe and Jungsang Kim based on 25 years of pioneering research at the University of Maryland and Duke University. To learn more, visit www.IonQ.com.

Important Information About the Proposed Transaction and Where to Find It

This communication may be deemed solicitation material in respect of the proposed business combination between dMY III and IonQ (the “Business Combination”). The Business Combination has been submitted to the stockholders of dMY III and IonQ for their approval. In connection with the vote of dMY’s stockholders, dMY III Technology Group, Inc. III has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes a proxy statement/prospectus. This communication does not contain all the information that should be considered concerning the proposed Business Combination and the other matters to be voted upon at the annual meeting and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. dMY III’s stockholders and other interested parties are urged to read the the definitive proxy statement, dated August 12, 2021 and any other relevant documents that are filed or furnished or will be filed or will be furnished with the SEC carefully and in their entirety in connection with dMY III’s solicitation of proxies for the special meeting to be held to approve the Business Combination and other related matters, as these materials will contain important information about IonQ and dMY III and the proposed Business Combination. On or about August 12, 2021, dMY III mailed the definitive proxy statement/prospectus and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. Such stockholders are also be able to obtain copies of these materials, without charge at the SEC’s website at http://www.sec.gov, at the Company’s website at https://www.dmytechnology.com/ or by written request to dMY Technology Group, Inc. III, 11100 Santa Monica Blvd., Suite 2000, Los Angeles, CA 90025.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may be made directly in this communication. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of dMY’s securities; (ii) the risk that the transaction may not be completed by dMY’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by dMY; (iii) the failure to satisfy the conditions to the consummation of the transaction, including the approval of the merger agreement by the stockholders of dMY, the satisfaction of the minimum trust account amount following any redemptions by dMY's public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the lack of a third-party valuation in determining whether or not to pursue the proposed transaction; (v) the inability to complete the PIPE transaction; (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (vii) the effect of the announcement or pendency of the transaction on IonQ’s business relationships, operating results and business generally; (viii) risks that the proposed transaction disrupts current plans and operations of IonQ; (ix) the outcome of any legal proceedings that may be instituted against IonQ or against dMY related to the merger agreement or the proposed transaction; (x) the ability to maintain the listing of dMY’s securities on a national securities exchange; (xi) changes in the competitive industries in which IonQ operates, variations in operating performance across competitors, changes in laws and regulations affecting IonQ’s business and changes in the combined capital structure; (xii) the ability to implement business plans, forecasts and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities; (xiii) the risk of downturns in the market and the technology industry including, but not limited to, as a result of the COVID-19 pandemic; and (xiv) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 and other documents filed by dMY from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and dMY and IonQ assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither dMY nor IonQ gives any assurance that either dMY or IonQ, or the combined company, will achieve its expectations.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute an offer or invitation for the sale or purchase of securities, assets or the business described herein or a commitment to the Company or the IonQ with respect to any of the foregoing, and this communication shall not form the basis of any contract, nor is it a solicitation of any vote, consent, or approval in any jurisdiction pursuant to or in connection with the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

Participants in Solicitation

dMY III and IonQ, and their respective directors and executive officers, may be deemed participants in the solicitation of proxies of dMY III’s stockholders in respect of the Business Combination. Information about the directors and executive officers of dMY III is set forth in the Company’s Form dMY III’s filings with the SEC. Information about the directors and executive officers of IonQ and more detailed information regarding the identity of all potential participants, and their direct and indirect interests by security holdings or otherwise, are set forth in the definitive proxy statement/prospectus for the Business Combination. Additional information regarding the identity of all potential participants in the solicitation of proxies to dMY III’s stockholders in connection with the proposed Business Combination and other matters to be voted upon at the special meeting, and their direct and indirect interests, by security holdings or otherwise, are included in the definitive proxy statement/prospectus.

Copyright © 2021 Accenture. All rights reserved. Accenture, and its logo are trademarks of Accenture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005319/en/

Media Contacts:

Hannah Unkefer

Accenture Media Relations

206-839-2172

hannah.m.unkefer@accenture.com

For IonQ:

ionq@missionnorth.com

ICR Inc.

dmypr@icrinc.com

Source: dMY Technology Group, Inc. III

FAQ

What is the partnership between Accenture and IonQ about?

Accenture and IonQ are collaborating to accelerate quantum computing experimentation across various industries.

How will quantum computing benefit businesses according to Accenture?

Quantum computing promises to deliver business value and competitive advantages by solving previously unsolvable challenges.

What platforms is IonQ's quantum system available on?

IonQ's quantum systems are available through AWS, Google Cloud, and Microsoft Azure.

What is the significance of the report 'Get Ready for the Quantum Impact'?

The report provides insights on how organizations can prepare for the impact of quantum technology.

What are the potential risks of the business combination between dMY and IonQ?

Risks include transaction completion uncertainties and market competition impacting IonQ's performance.