Cybersecurity firm Acronis raises $250 million in funding

Acronis CVC

Mumbai: Cybersecurity firm Acronis has raised more than $250 million funding round from CVC Capital Partners VII and other investors at a 2.5 billion valuation.

This funding will help Acronis to further drive 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.

The company will expand 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 MD – 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 Serguei Beloussov and the Acronis team to accelerate the company’s growth,” added Lindback.

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 Serguei “SB” Beloussov, Founder and CEO – Acronis.

“Our goal is to develop market-leading technology and help our partners grow their profits, while providing the best protection for their clients,” added Beloussov.

Cybersecurity firm 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 centres 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. The company launched the #CyberFit Partner Program in February 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.

“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,” noted Phil Goodwin, Research Director – Cloud Data Management for Protection, IDC.

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