August 01, 2018
Press release

Acronis Expands European R&D Operations with Acquisition of T-Soft

Sofia, Bulgaria, 31 July 2018 - Acronis, a global leader in cyber protection and hybrid cloud storage currently celebrating its 15-year anniversary, today announced that it has expanded its research and development operations in Europe through the strategic acquisition of software engineering company T-Soft. The Sofia-based subsidiary will change its name to Acronis Bulgaria.

The acquisition is the result of a successful partnership between the two companies. T-Soft has been providing Acronis with exceptional software development services since 2012, enhancing the quality of Acronis' products and augmenting the effectiveness of Acronis' engineering teams.

"We have some of the best and brightest software engineers in Bulgaria, performing at the highest standards. We're proud to join the Acronis team and continue our work as part of the world's leading cyber protection corporation," said Plamen Toshev, Managing Director, Acronis Bulgaria.

"Acronis needs more engineers to develop the innovative technologies that can satisfy the growing need for cyber protection. As part of our growth strategy, we are increasing our presence in Europe, and Sofia, Bulgaria felt like a logical step for us. We already had a local partner with great engineers located here. We're going to build on their success to grow our R&D activities in Europe. It's a great place to access the European talent pool," said Serg Bell, founder and CEO of Acronis.

Acronis plans to expand the existing team to 300 engineers, investing $50 million over the next three years to establish a key R&D center in Europe that is fully focused on cyber protection. The new technology developed in Sofia will advance Acronis' innovative solutions to provide easy, efficient, and secure protection for all data, applications and system. T-Soft has contributed greatly to the development of Acronis' file sync and share technologies, and now Acronis Bulgaria will continue developing this product line. There are also plans to build web and quality assurance teams in Bulgaria.

Acronis values its employees and puts constant attention into the well-being of the team by guaranteeing a great working environment, future career development opportunities, and an attractive social policy.

The company will also engage in active collaboration with local universities and educational institutions to provide training skill improvement in the IT sector.

To find out about working for Acronis Bulgaria, visit https://www.jobs.bg/company/29480

About T-Soft

T-Soft is a software services company located in Sofia, Bulgaria. T-Softstarted in 2005 providing highly efficient manual and automated software testing services with the objective of enhancing the quality of the software products and systems its clients developed, while significantly reducing the overall costs. As a natural extension of the know-how, accumulated during the testing process, T-Softadded software development, technical support and technical writing to its portfolio of services. During its 12 years of existence, the T-Softteam has accumulated extensive experience working on complex projects for large and small software development companies located in the USA, Western Europe, Israel and Bulgaria. www.t-soft.services




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 45 locations across the globe. 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 www.acronis.com.
Press contacts:
Katya Turtseva
VP of Communications