Phoenix strikes deal to sell cybersecurity firm Logiq to IBM
Type: Acquisition · Technology: Defense · Country: United Kingdom · Announced: 2026-09-24
Phoenix has agreed to sell cybersecurity firm Logiq to IBM, a transaction that will transfer Logiq's proprietary secure collaboration platform, DISX, to IBM. Logiq, headquartered in the UK, specializes in providing cybersecurity services to defense, government, and critical national infrastructure organizations. The deal is expected to bolster IBM's capabilities in securing critical infrastructure and government contracts. Financial terms of the transaction were not disclosed.
Analysis
Phoenix agreed to sell cybersecurity firm Logiq to IBM, a transaction announced on 2026-09-24 with financial terms not disclosed, and will transfer Logiq's proprietary secure collaboration platform DISX to IBM. Logiq is headquartered in the United Kingdom and provides cybersecurity services to defense, government and critical national infrastructure organizations. IBM is the acquiring party in the announced deal. As of the announcement on 2026-09-24, no contract length, financing structure, timeline, or regulatory status was disclosed.
Key points
- Phoenix agreed to sell Logiq to IBM
- Announcement date: 2026-09-24
- Logiq headquartered in the United Kingdom
- Logiq serves defense, government and critical national infrastructure sectors
- Financial terms not disclosed
Counterparties
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