Security Market Segment LS
Thursday, 06 May 2021 14:26

Cyber protection supremos Acronis get massive US $250M+ investment, valued at US $2.5B

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Acronis will use the funding to accelerate growth, expand its portfolio of cyber protection products, enable service providers to serve their clients better and up the ante in the fight against cyber crime.

With cyber crime at all time highs, and only predicted to get worse, modern connected society as we know it is already in the midst of an effective cyber war, be it against organised cyber criminal groups, dodgy undemocratic nation states and the apathy of individuals and businesses that still aren't taking security seriously.

Those aren't Acronis' words, but simply my observations of reality, so it's great to see one of the world's most exciting and dynamic cyber protection companies, Acronis, receiving more than $250 million funding round from CVC Capital Partners VII and other investors.

Acronis says it will use the funds “to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products.”

We’re told 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 Serguei Beloussov 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 Serguei “SB” Beloussov, 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 also continue investing 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 naturally 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 also introduced a new partner portal, providing easy access to content, tools, and training for partners.

With the new funding, Acronis says it will “expand the support for cloud partners – providing them with additional sales and marketing resources, faster and localised technical support, dedicated partner success managers, and local data centres 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.”

The company says service providers who are interested in learning more about how they can benefit from Acronis’ partner-focused approach are encouraged to visit its partner site here.

 


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Alex Zaharov-Reutt

Alex Zaharov-Reutt is iTWire's Technology Editor is one of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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