Completion of SOC 2 Type 2 audit furthers
company’s commitment to data security as customers adopt production
use of its quantum computing solutions
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing
systems, software, and services and the world’s first commercial
supplier of quantum computers, today announced the successful
completion of its SOC 2® Type 2 audit as of December 7, 2023, as
the company supports increased commercial customer adoption and
production use of its quantum computing solutions. The achievement
makes D-Wave the first full-stack quantum computing provider to
achieve SOC 2 Type 2 compliance. This milestone follows D-Wave’s
successful SOC 2 Type 1 audit, which was completed in March
2023.
The audit completion comes at a time when business leaders are
increasingly accountable for how private information is handled by
third parties and need to ensure that the services they use to
process data meet federally regulated mandates around security
controls and the effectiveness of those controls over time. As they
consider where to run business-critical applications, customers are
seeking trusted vendors that help reduce risk and meet standards
like SOC 2.
“As an industry partner using D-Wave’s services, I have even
greater confidence in the company’s data security and processing
integrity, given its SOC 2 Type 2 certification,” said Major
General John W. Holly (USA, Ret.), CEO and chairman of
Davidson.
“We’re in a pivotal moment for quantum computing, as our
customers are now moving full-steam ahead into enterprise-scale
adoption and deployment,” said Dr. Alan Baratz, CEO of D-Wave. “SOC
2 compliance is a key part of our production leadership, as it
ensures commercial-grade security measures are established and
regularly reviewed. With customers increasingly incorporating and
using our quantum solutions to support daily operations, this level
of data protection and security is paramount.”
The SOC 2 Type 2 audit was conducted by leading compliance
assessor A-LIGN, a technology-enabled security and compliance
partner trusted by more than 2,500 global organizations to help
mitigate cybersecurity risks. Established by the American Institute
of Certified Public Accountants (AICPA), the SOC 2 examination is
designed for organizations of any size, regardless of industry and
scope, to ensure the personal assets of their potential and
existing customers are protected. SOC 2 reports are recognized
globally and affirm that a company’s infrastructure, software,
people, data, policies, procedures, and operations have been
formally reviewed.
“Congratulations to D-Wave for completing its SOC 2 audit, a
widely recognized signal of trust and security," said Steve
Simmons, COO of A-LIGN. "It's great to work with organizations like
D-Wave, who understand the value of expertise in driving an
efficient audit and the importance of a high-quality final
report."
Going forward, D-Wave will perform annual SOC 2 Type 2
assessments and will make the latest report available to current or
potential customers upon execution of a nondisclosure agreement. If
you are interested in viewing D-Wave’s SOC 2 Type 2 report, contact
sales@dwavesys.com.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modeling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
ABOUT A-LIGN
A-LIGN is the only end-to-end cybersecurity compliance solutions
provider with readiness to report compliance automation software
paired with professional audit services, trusted by more than 4,000
global organizations to help mitigate cybersecurity risks. A-LIGN
uniquely delivers a single-provider holistic approach as a licensed
CPA firm to SOC 1 and SOC 2 Audit services, accredited ISO 27001,
ISO 27701 and ISO 22301 Certification Body, HITRUST CSF Assessor
firm, accredited FedRAMP 3PAO, authorized CMMC C3PAO, PCI Qualified
Security Assessor Company, and PCI SSC registered Secure Software
Assessor Company. Working with growing businesses to global
enterprises, A-LIGN’s experts and its compliance automation
platform, A-SCEND, are transforming the compliance experience. For
more information, visit www.A-LIGN.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release are forward-looking, as
defined in the Private Securities Litigation Reform Act of 1995.
These statements involve risks, uncertainties, and other factors
that may cause actual results to differ materially from the
information expressed or implied by these forward-looking
statements and may not be indicative of future results.
Forward-looking statements in this press release include, but are
not limited to, statements regarding D-Wave performing an annual
SOC 2 Type 2 audit and maintaining continued SOC 2 compliance and
commercial-grade security measures. These forward-looking
statements are subject to a number of risks and uncertainties,
including, among others, various factors beyond management’s
control, including general economic conditions and other risks; our
ability to expand our customer base and the customer adoption of
our solutions; risks within D-Wave’s industry, including
anticipated trends, growth rates, and challenges for companies
engaged in the business of quantum computing and the markets in
which they operate; the outcome of any legal proceedings that may
be instituted against us; risks related to the performance of our
business and the timing of expected business or financial
milestones; unanticipated technological or project development
challenges, including with respect to the cost and/or timing
thereof; the performance of our products; the effects of
competition on our business; the risk that we will need to raise
additional capital to execute our business plan, which may not be
available on acceptable terms or at all; the risk that we may never
achieve or sustain profitability; the risk that we are unable to
secure or protect our intellectual property; volatility in the
price of our securities; the risk that our securities will not
maintain the listing on the NYSE; and the numerous other factors
set forth in D-Wave’s Annual Report on Form 10-K for its fiscal
year ended December 31, 2022 and other filings with the Securities
and Exchange Commission. Undue reliance should not be placed on the
forward-looking statements in this press release in making an
investment decision, which are based on information available to us
on the date hereof. We undertake no duty to update this information
unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240104059111/en/
Media Contact: D-Wave Alex Daigle
media@dwavesys.com
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