May June 2021

Page 13

Investment (Funding)

Acronis, receives more than $250M investment at a $2.5B valuation Funding to accelerate growth, expand its portfolio of cyber protection products, and enable service providers to serve their clients better

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cronis, a cyber protection company, recently announce that it has received more than $250 million funding round from CVC Capital Partners and other investors. Acronis will use the funds to further accelerate growth by expanding its portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network – most notably managed service providers (MSPs) – to help them better serve the cyber protection needs of their clients. The investment values the company at more than $2.5 billion.

portfolio and invest more in our partners’ success,” said Serguei “SB” Beloussov, founder and CEO of Acronis. “Our goal is to develop market-leading technology and help our partners grow their profits, while providing the best protection for their clients.” Acronis will continue to invest in staff resources, expanding its global sales, partner account management and partner success teams, and hiring new technical

With the new funding, Acronis will expand the support for cloud partners – providing them with additional sales and marketing resources, faster and localized technical support, dedicated partner success managers, and local data centers in 111 locations worldwide. Phil Goodwin, Research Director, Cloud Data Management for Protection for IDC, notes that the investment from CVC will add to the momentum behind cyber protection. “Acronis has been at the forefront of the cyber protection movement, establishing itself as a pioneer in solutions that unify advanced cybersecurity with innovative data protection. By continuing to expand their technical capabilities and partner network, the value they bring to the market will only increase.”

“Acronis’ talented management and R&D teams have invested significant resources developing an innovative cloud-native ‘MSP in a box’ solution, with integrated backup, disaster recovery, cybersecurity, remote management, and workflow tools,” said Leif Lindbäck, Senior Managing Director of CVC Capital Partners. “Acronis provides mission-critical solutions to more than 10,000 MSPs and half a million small and medium businesses. CVC has a strong track record in cybersecurity and partnering up with successful entrepreneurs, and we are looking forward to teaming up with Serguei Beloussov and the Acronis team to accelerate the company’s growth.” Acronis Cyber Protect claims to be the first unified cybersecurity and data protection solution that is natively integrated, so service providers can operate these critical functions through a single pane of glass, delivering comprehensive cyber protection at a lower cost. “With this additional funding, we will accelerate the development of our product

talent for its research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.

S erguei Beloussov, founder and CEO of Acronis

ACRONIS HAS BEEN AT THE FOREFRONT OF THE CYBER PROTECTION MOVEMENT, ESTABLISHING ITSELF AS A PIONEER IN SOLUTIONS THAT UNIFY ADVANCED CYBERSECURITY WITH INNOVATIVE DATA PROTECTION.

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May June 2021 by MEA Business - Issuu