Funding to accelerate growth, expand its portfolio of cyber protection products, and enable service providers to serve their clients better
SCHAFFHAUSEN, Switzerland, May 4, 2021 - Acronis, the global leader in cyber protection, is pleased to announce that it has received more than $250 million funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to further accelerate growth by expanding its unique 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.
"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 Serg Bell and the Acronis team to accelerate the company's growth."
Acronis Cyber Protect is 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 portfolio and invest more in our partners' success," said Serg Bell, 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 talent for its research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.
Focus on partners
Focusing on its growing partner network is critical to the company's strategy for rapid growth. In February, the company launched the #CyberFit Partner Program to support the development of cloud-focused resellers and service providers. In March, Acronis made available a new version of Acronis Cyber Protect Cloud - enabling partners to deliver comprehensive cyber protection for all workloads for little to no upfront cost. In April, Acronis introduced a new partner portal, providing easy access to content, tools, and training for partners.
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."
Service providers who are interested in learning more about how they can benefit from Acronis' partner-focused approach are encouraged to visit https://www.acronis.com/en-us/partners/.
About CVC Capital Partners
CVC is a leading private equity and investment advisory firm with a network of 23 offices throughout Europe, Asia and the US, with approximately $118 billion of assets under management. Since its founding in 1981, CVC has secured commitments in excess of $160 billion from some of the world's leading institutional investors across its private equity and credit strategies. Funds managed or advised by CVC are invested in over 90 companies worldwide, which have combined annual sales of approximately $100 billion and employ more than 450,000 people. For further information about CVC please visit: www.cvc.com.
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 21,000 service providers to protect over 750,000 businesses. Learn more at www.acronis.com.