Acronis has announced it has received over $250 million in a funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to accelerate growth by expanding its portfolio of natively integrated cyber protection products. A significant amount of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its partner network to help them better deliver the cyber protection capabilities their clients need. The investment values the company at more than $2.5 billion.
Acronis offers backup, disaster recovery, and secure file sync and share solutions. The company also provides data protection in any environment, including virtual, physical, cloud, and mobile. Acronis True Image 2020 is personal backup software that enables users to duplicate their system, effectively capturing all of their data for system recovery or disk migration. Acronis Cyber Backup is aimed towards businesses of all sizes and offers proactive ransomware protection. Recently, Acronis acquired 5nine Software, CyberLynx, and DeviceLock. The vendor also released Acronis Cyber Protect, which natively integrates cybersecurity, data protection, and data management to protect endpoints, systems, and data.
Acronis will continue to invest in staff resources, expanding its global sales, partner account management and partner success teams, and hiring new technical talent for its research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.
In a media statement, Leif Lindback, Senior Managing Director of CVC Capital Partners, said, “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. 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.”
Through this funding round, Acronis will expand its 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.
To learn more about Acronis, click here.