Acronis raises $250 million to bulk up portfolio

Acronis has received more than $250 million in a funding round from CVC Capital Partners VII and other investors. 

Now valued  at more than $2.5 billion, the global cyber protection firm 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. 

“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. 

Lindbäck noted that 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,” he added.

Beloussov, founder and CEO of Acronis, said that with the additional funding, they will continue to invest in staff resources and hire new technical talent for their research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.

Also, 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.

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.