Acronis raises $250m to help accelerate growth

Acronis,a specialist in cyber protection, has announced that it has received more than $250 million in funding from CVC Capital Partners VII and other investors.

According to Acronis, it will use the funds to accelerate growth by expanding its 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 to help them better serve the cyber protection needs of clients. The investment values the company at more than $2.5 billion.

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.

Earlier this year, the company launched the #CyberFit Partner Program to support the development of cloud-focused resellers and service providers and made available a new version of Acronis Cyber Protect Cloud – enabling partners to deliver comprehensive cyber protection for all workloads. In April, Acronis introduced a new partner portal, providing easy access to content, tools, and training for partners.

“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 of Acronis.

Acronis said that it will continue to invest in staff resources, expanding its global sales, partner account management and partner success teams, and will look to hire new technical talent for its research and development centres in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.