Acronis secures $250 Mn to double down on cyber security services

Amid the dangerous and complex landscape of malicious activity and elevating cyber-attacks, companies have been looking forward to investing hefty amounts for expanding their cyber security services.

In this situation, Acronis has recently announced securing USD 250 million financing in equity, with plans of systematically developing the proactive technology for strategic acquisitions. It has been reported that the funding was led by CVC and values Acronis at over $2.5 billion.

Speculations have it that the firm’s new revenue products, such as Acronis Cyber Protect, grew 100% during the pandemic phase. Moreover, the company stands firm on its mission of securing all data applications and offering privacy and security all in one package.

Reports suggest that Acronis’s strategy and financing to expand its business comes at an important moment in the world of cyberspace.

Commenting on the recent move, CEO and Co-Founder of Acronis, Serguei Beloussov stated that the firm is looking forward to investing a significant share to capitalize its leadership in cyber security business space.

Beloussov added that they have been spending the money on engineers and M&A to complement its cyber protection biz. Acronis protects about 10 million workloads today and the team is now aiming to expand this number to 100x.

Meanwhile, Leif Lindback, senior MD of CVC Capital Partners, quoted that Acronis’ skilled and professional management and research and development teams have invested substantial resources for the development of an innovative cloud-native ‘MSP in a box’ solution, with disaster recovery, integrated backup, remote management, and cybersecurity tools.

Leif further mentioned that CVC has a robust track record in cybersecurity. And now, while establishing potential partnership with successful entrepreneurs, the firm is looking forward to teaming up with Acronis team and Serguei Beloussov to accentuate the company’s growth.

Source Credit: https://techcrunch.com/2021/05/04/acronis-raises-250m-at-a-2-5b-valuation-to-double-down-on-cyber-protection-services/