September 24, 2003
Press release

Acronis statement on the Symantec acquisition of Powerquest

September 24, 2003, South San Francisco, CA — Acronis, Inc., the technological leader in systems software development, issued the following statement on the announcement Sept. 23, 2003 of Symantec Corp. acquiring PowerQuest Corp.

From Max Tsypliaev, President, Acronis, Inc.

"The acquisition of PowerQuest by Symantec is good news for Acronis customers. First, it underscores the importance of the markets in which we compete with Symantec and PowerQuest — markets such as disk imaging, disaster recovery, systems management, and privacy. And second, by effectively taking out the Number 2 company in the market, Symantec is, in effect, raising the visibility of Acronis."

"Prior to the acquisition, reviewers already were bestowing kudos to Acronis for its product family. These developments bode well for us in that now there will be one fewer competitor. It should provide Acronis with greater visibility to customers looking for systems management products for the Windows and Linux environments."

About Acronis:

Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.

A Swiss company founded in Singapore in 2003, Acronis has 15 offices worldwide and employees in 50+ countries. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses. Learn more at
Press contacts:
Katya Turtseva
VP of Communications