Swiss cyber protection firm Acronis secures over €208M at a whopping valuation of €2B

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Digitalisation has changed the rules of the economy and many mechanisms of our society at a rapid pace. These advancements open up the massive potential for creating new businesses, applications, and value streams. At the same time, the threat to the digital realm has also radically changed and intensified. 

Based out of Schaffhausen, Switzerland, Acronis was established to combat such threats. Recently, the Swiss company has secured over $250M (approx €208M) funding from CVC Capital Partners VII and other investors, valuing the company at $2.5B (approx €2B).

Luxembourg-based CVC is a private equity and investment advisory firm with a network of 23 offices throughout Europe, Asia, and the US, with approximately $118B (approx €98.3B) of assets under management. 

Fund utilisation

The company will use the funds to accelerate growth by expanding its portfolio and broad partner network – most notably managed service providers (MSPs). 

Furthermore, the company will continue to invest in staff resources, expanding its global sales, partner account management, and success teams, hiring new technical talent for its R&D centres in Bulgaria, Israel, Singapore, Switzerland, and the US.

“With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners’ success,” says 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.”

- A message from our partner -

The company believes that focusing on its growing partner network is imperative for the company’s 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 introduced a new partner portal, providing easy access to content, tools, and training for partners.

Part of the funding will be used to expand the support for cloud partners by providing them – additional sales and marketing resources, faster and localised technical support, dedicated partner success managers, and local data centres in 111 locations worldwide.

Solves authenticity and security challenges

Founded by Serguei Beloussov, Stanislav Protassov, and Yakov Zubarev, Acronis is a cybersecurity company that solves safety, accessibility, privacy, authenticity, and security challenges. The company was founded in Singapore in 2003 and incorporated in Switzerland in 2008. 

Acronis provides cyber protection for data, applications, and systems through antivirus, backup, disaster recovery, endpoint protection management solutions. 

With AI-based antimalware and blockchain-based data authentication technologies, the company protects any environment – from cloud to hybrid to on-premises – at a low and predictable cost, says the release. 

Supports cloud-focused resellers

Notably, Acronis Cyber Protect is the first unified cybersecurity and data protection solution that is natively integrated. In February, the company launched the #CyberFit Partner Program to support the development of cloud-focused resellers and service providers. 

Soon after, the company also launched a new version of Acronis Cyber Protect Cloud-enabling partners to deliver cyber protection for all workloads for little to no upfront cost. Additionally, the company introduced a new partner portal, providing easy access to content, tools, and training for partners.

Home to 1500 employees

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,500 employees in 33 locations in 18 countries. Its solution is used by more than 5.5 million home users and 500,000 companies. Acronis products are available through 50,000 partners and service providers in over 150 countries in more than 40 languages.

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The editorial team of Silicon Canals brings you technology news from the European startup ecosystem. 

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