Funding to allow Acronis to make acquisitions, expand the
engineering team and accelerate the business growth in North
America in the partnership with Acronis SCS
Schaffhausen, Switzerland, September 18, 2019 - Acronis, a global leader in cyber
protection, today announced a $147 million investment round led
by Goldman Sachs. The
investment round sets the valuation of the company to over one
billion dollars and enables Acronis to expand its engineering team
in Singapore, Bulgaria and Arizona, build additional data centers,
and grow through acquisitions. Additionally, Acronis will use the
capital to accelerate the business growth in North America in
partnership with Acronis SCS,
an independent software vendor and distributor for the public
sector.
Founded in
Singapore in 2003 and incorporated in Switzerland in 2008,
Acronis now has more than 1,400 employees in 18 countries. Acronis
solutions are trusted by more than 5 million consumers and 500,000
businesses, including 80% of the Fortune 1000 companies. Acronis
cyber protection products are available through 50,000 partners and
service
providers in over 150 countries in more than 30 languages.
"We are excited about Goldman Sachs' investment," said Serg Bell, founder and
CEO of Acronis. "In 2018, Acronis achieved 20% business growth,
and in 2019 it is on track for over 30% growth with the Acronis
Cyber Cloud business growing by over 100%. Recently we announced
the Acronis
Cyber Platform, enabling third-parties to customize, extend,
and integrate our cyber protection solutions to the needs of their
customers and partners. The investment round led by Goldman Sachs
will help us to fast-track the product development through
acquisitions of companies and additional resources, and accelerate
the growth."
With the funding round led by Goldman Sachs, Acronis can
increase its engineering capabilities and acquire new teams and
technologies to accelerate the development of the Acronis
products:
- Acronis Cyber Protection solutions for data safety, accessibility, privacy, authenticity, and security.
- Acronis Cyber Platform that enables third-party developers to customize, extend and integrate cyber protection into their solutions
- Acronis Cyber Infrastructure that provides the most cost-efficient and secure environment for running cyber protection solutions and data storage.
- Acronis Cyber Architecture that guarantees the privacy of data and gives customers the full control of data location.
- Acronis Cyber Cloud that enables service providers and enterprise IT to deliver cyber protection services to end customers.
"We are excited to invest in Acronis at this stage of rapid
growth," said Holger
Staude, Vice President GS Growth. "The traditional backup and
data protection market is changing due to an innovative solution
delivered efficiently by Acronis Cyber Protection through a vast
channel of service providers."
The investment round will help Acronis to accelerate delivery
of the vision of cyber protection, which combines traditional data
protection and cybersecurity into one integrated solution
addressing all Five Vectors of Cyber Protection - ensuring the
safety, accessibility, privacy, authenticity, and security of data
(SAPAS).
Expanding Vision and Ecosystem of Acronis Cyber
Protection
The upcoming Acronis Global Cyber
Summit in Miami will take place on October 13-16, 2019. The
Summit will be the largest gathering of service providers,
resellers, and software developers dedicated to building a robust
business on Acronis Cyber Platform, delivering cyber protection to
customers of any size.
To learn more about the Acronis Global Cyber Summit click here.
About Acronis:
Acronis is a leader in AI-native cyber protection, unifying data protection, cybersecurity, IT operations and hybrid infrastructure to deliver business continuity, security and compliance with less cost and complexity. More than 21,000 service providers trust Acronis to protect over 750,000 businesses in 150 countries. Acronis is headquartered in Schaffhausen, Switzerland. For more information, visit www.acronis.com.