Acronis has successfully concluded a further funding round. According to an Acronis press release, the US$250 million was raised through the CVC Capital Partners VII fund of Luxembourg private equity and investment advisory firm CVC as well as other investors. The investment values the company at more than US$2.5 billion.
The IT security solution provider based in Schaffhausen will use the funds to further accelerate growth and expand its unique portfolio of natively integrated cyber protection products. Acronis also plans to expand its broad partner network – most notably managed service providers (MSPs) – to increase the value they bring to the market.
As a reason for its investment, CVC notes the strong position of Acronis with respect to MSPs. “Acronis’ talented management and R&D teams have invested significant resources developing an innovative cloud-native ‘MSP in a box’ solution,” 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.”
Acronis also plans to invest in staff resources, which includes hiring new talent in Switzerland. “With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners’ success,” said Serguei Beloussov, founder and CEO of Acronis.