Acronis, a Schaffhausen, Switzerland-based cyber protection company, received more than $250m funding round.
Backers in the round, which valued the company at more than $2.5 billion, included CVC Capital Partners VII and other investors.
The company will use the funds to expand its portfolio of products, further enhance its go-to-market initiatives by growing its broad partner network – most notably managed service providers (MSPs), invest in global sales, partner account management and partner success teams, and hire new technical talent for its research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.
Led by Serguei “SB” Beloussov, founder and CEO, Acronis provides Acronis Cyber Protect, a unified cybersecurity and data protection solution that is natively integrated, so service providers can operate critical functions through a single dashboard.
The company provides cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions. With AI-based antimalware and blockchain-based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on-premises.
The products are available through 50,000 partners and service providers in over 150 countries in more than 40 languages.
Founded in Singapore in 2003 and incorporated in Switzerland in 2008, The company now has more than 1,600 employees in 33 locations in 18 countries.