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Cybersecurity remain a white - spicy space for investors . In the latest example of that demand , EQThas bought a legal age stake in Acronis , a security caller that specializes in data point protection , cloud and integrated security solvent for managed service of process providers ( which resell services to consumers ) and embodied IT teams .
The size and value of the stake , as well as the enterprise value of Acronis , are not being break . EQT and Acronis say that the deal values Acronis gamy than its last disclosed valuation , which was $ 3.5 billion , based on an investment in2022 . Some sources indicate that the factual valuation in this deal was around $ 4 billion .
For some context of use on growing , Acronisitselfsays that today its solutions are used by 20,000 avail provider and more than 750,000 businesses . In 2022 , it allege it had 5.5 million “ home users ” and 500,000 business customer , and in 2021 , it say it had 10,000 service provider on its book . Employees now stand at 2,000 , up from 1,700 in 2022 . Gaidar Magdanurov , Acronis ’ president , tell TechCrunch that the company ’s swarm patronage ’ annual recur revenue is growing at 40 % .
In 2021 , the troupe told TechCrunch that it was profitable . It has raised more than $ 600 million in fairness and debt over the days prior to this recent deal . Its investors admit BlackRock , CVC , and Goldman Sachs .
“ The father , direction , and several be investor — including Black Rock , CVC and Springcoast — will persist as minority investor , ” Magdanurov told TechCrunch . He bring that its founder , Serg Bell ( who used to go by Serguei Beloussov ) and Stanislav Protassov , will retain a material stake in the party , too .
“ Today ’s proclamation is capital progression . It has always been crucial for Stanislav and myself — the founders — to find a partner that coordinate perfectly with Acronis ’s polish and visual sensation , ” Bell say in a statement to TechCrunch . “ With the amount and intensity of cyber threat constantly growing , we are convinced that Acronis is uniquely place to be the good weapons platform for service providers to productively protect and operate their client ’ information technology infrastructure . ”
get ahead , he added , the two founders will put more care on another project they have , the Constructor Group , with a direction on AI and metaverse applications .
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This mountain is long in the qualification and emphasise how private fairness continues to be a very common way out option for enterprise technology companies at a time when the IPO windowpane for the most part stay shut .
Acronis has been around since 2003 , originally getting its start in Singapore before reincorporating in Switzerland . Itoriginally startedas a spinoff of Russian - founded , virtualization specialiser Parallels with a focus on data recuperation and backup ( which turns out was really SWsoft , whichrebrandedin the name of its most popular Cartesian product at one point ) . Over the class , it has expanded into a one - stopover shop class of table service that include uninterrupted data trade protection , cloud security , terminus protection , patch management , anti - malware , and more . Its competitors let in Commvault , Veritas and others .
Acronis will continue to operate , now with major investment from EQT behind it .
“ Acronis is a strongly positioned cybersecurity and data protection package weapons platform with a clear value suggestion to Managed Service Providers , ” added Johannes Reichel , partner and co - head of engineering for EQT ’s PE squad , in a statement . “ EQT has watch the company ’s journeying for many years and continues to be impress by its performance and modern strength . ”
