Acronis Acquisition, Valuation, Funding & Investors

Acronis was acquired by EQT in August 2024.

Acronis acquisition price

Undisclosed

Acquired by EQT · Aug 2024

Cumulative funding Acronis raised

$647M

across 3 funding rounds

Key investors in Acronis

Acronis Overview

About Acronis

Acronis is a Schaffhausen-headquartered global cyber protection firm delivering integrated cybersecurity, data backup, and endpoint management solutions tailored for managed service providers, small and medium-sized businesses, and enterprise IT teams. Its flagship Acronis Cyber Protect platform operates in 26 languages across 150 countries, safeguarding data for over 750,000 businesses via 21,000 service providers. Originally founded in Singapore in 2003, Acronis maintains 15 offices worldwide with staff in more than 50 countries and recently secured majority ownership from private equity firm EQT to fuel expansion in hybrid cloud security.


Founded

2003

HQ

SwitzerlandSchaffhausen

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$3.5B (Jul 2022)

Acronis Acquisition

Acronis was acquired by EQT for an undisclosed price on 7 August 2024.

Before the acquisition Acronis had raised $647M across 3 funding rounds.

Acronis, a Schaffhausen, Switzerland-based cybersecurity and data protection platform specializing in integrated solutions for managed service providers (MSPs) and corporate IT departments, announced on August 7, 2024, that EQT's X fund, managed by the Stockholm-headquartered global private equity firm with $268 billion in assets under management, will acquire a majority stake. The deal values Acronis above its $3.5 billion valuation from a 2022 growth funding round backed by investors including CVC, Springcoast, and BlackRock Private Equity Partners, with some reports estimating around $4 billion. Founders, management, and existing investors will retain significant minority ownership, supporting strategic expansion amid rising cyber threats. Acronis operates 15 global offices with over 1,700 employees, serving 20,000 service providers protecting 750,000 businesses across 150 countries. EQT Partner and Co-Head of Technology Johannes Reichel highlighted Acronis's strong positioning and innovative strength for MSPs, noting the firm's long-term observation of its performance. CEO Ezequiel Steiner emphasized EQT's alignment with Acronis's growth vision and customer service focus, crediting the team and prior investors. Founders Serg Bell and Stanislav Vishnevskiy plan to shift attention to their AI and metaverse-focused Constructor Group project. The transaction, advised by Deutsche Bank and Willkie Farr & Gallagher for Acronis, and Milbank and Bär & Karrer for EQT, awaits customary regulatory approvals and is expected to close in Q1-Q2 2025, positioning Acronis for accelerated platform scaling in the competitive MSP cybersecurity market.

Acronis acquisition details
AcquirerDateType
7 Aug 2024PE buyout

Acronis Valuation

Acronis is currently valued at $3.5B, based on its undisclosed-stage round in July 2022.

The $250M round was led by BlackRock, with participation from Goldman Sachs Growth Equity.

Acronis' valuation has grown 3.5x from $1B at its undisclosed-stage round in September 2019 to $3.5B in July 2022, across 3 priced rounds.

Acronis valuation by funding round

Acronis valuation by funding round
DateStageValuation
Jul 2022Undisclosed stage$3.5B
May 2021Undisclosed stage$2.5B
Sep 2019Undisclosed stage$1B

Acronis Funding History

Acronis has raised a total of $647M across 3 funding rounds.

Acronis' first fundraising round was a $147M undisclosed-stage round in September 2019. The most recent completed round was a $250M undisclosed-stage round in July 2022.

Acronis funding rounds

Acronis funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2022Undisclosed stageBlackRock (lead); Goldman Sachs Growth Equity$250M$3.5BAcronis, a cybersecurity and data protection company founded in 2003, raised $250 million in a July 2022 funding round led by BlackRock with participation from CVC Capital Partners VII, Goldman Sachs, and others. The round valued the company at more than $3.5 billion post-money, up from $2.5 billion in its prior May 2021 round also raising $250 million led by CVC. Acronis unifies data protection and cybersecurity, offering solutions like antivirus, backup, disaster recovery, endpoint protection, AI-based antimalware, and blockchain authentication through 50,000 partners in over 150 countries. The funding supports product leadership extension, targeted M&A, sales and marketing team expansion, and partner ecosystem growth. Acronis operated Acronis Cyber Protect for over 20,000 service providers protecting 750,000 businesses, with 49 data centers worldwide and new offices in Israel, Italy, Serbia, and Turkey. The company described 2021 as its best year and anticipated surpassing it in 2022, though it declined to disclose revenue figures. This round followed earlier funding including a 2019 raise from Goldman Sachs. Later, in August 2024, EQT took a majority stake valuing Acronis above the 2022 $3.5 billion figure, possibly around $4 billion, with cloud ARR growing at 40% and employee count rising to 2,000 from 1,700. Founders and investors like BlackRock, CVC, and Goldman Sachs retained minority stakes.
May 2021Undisclosed stageCVC Capital Partners (lead); Goldman Sachs Growth Equity; The Ultima Ventures$250M$2.5BAcronis, a global leader in cyber protection, provides natively integrated solutions combining backup, disaster recovery, cybersecurity, remote management, and workflow tools in a cloud-native 'MSP in a box' platform. The company serves over 10,000 managed service providers (MSPs) and 500,000 small and medium businesses, protecting mission-critical data and applications. On May 4, 2021, Acronis announced a funding round exceeding $250 million led by CVC Capital Partners VII, with participation from other investors including Goldman Sachs Growth Equity and The Ultima Ventures, valuing the company at more than $2.5 billion. The investment aims to accelerate growth by expanding Acronis' cyber protection product portfolio and enhancing go-to-market initiatives, particularly through its partner network of MSPs. Funds will support product development, partner success, increased manpower, more data centers (targeting one in 100 countries by end of 2022 from 39), and potential acquisitions to add proactive technologies. This round follows a $147 million raise in September 2019 led by Goldman Sachs, bringing total external funding to $408 million at that point. Acronis had achieved unicorn status 18 months prior and more than doubled its valuation amid the global pandemic, driven by 100% growth in revenues from newer products like Acronis Cyber Protect. The company is described as profitable, with a network exceeding 50,000 partners and protection for about 10 million workloads, aiming for 100x growth. IDC noted Acronis' pioneering role in unifying cybersecurity and data protection, positioning it for increased market value through technical and partner expansion.
Sep 2019Undisclosed stageGoldman Sachs (lead)$147M$1BAcronis, a Singapore-founded (2003) and Switzerland-headquartered global leader in cyber protection, offers integrated backup, disaster recovery, cybersecurity, and anti-malware solutions via its Acronis Cyber Platform and Cyber Cloud, serving over 5 million consumers, 500,000 businesses including 80% of Fortune 1000, through 50,000 partners in 150+ countries. On September 18, 2019, Acronis announced a $147 million investment round led by Goldman Sachs, its first significant external funding since 2004's $11 million, bringing total raised to $158 million and achieving unicorn status with a post-money valuation exceeding $1 billion—the first for a B2B software company founded in Singapore. The funds are earmarked for expanding engineering teams in Singapore, Bulgaria, and Arizona/US, building additional data centers, pursuing acquisitions to integrate technologies into the Cyber Platform (with plans for at least three in 2019), and accelerating North American growth in partnership with Acronis SCS. With 1,400+ employees across 18 countries, Acronis positions itself as disrupting the traditional backup and data protection market through efficient, channel-delivered cyber protection solutions. Goldman Sachs GS Growth Vice President Holger Staude highlighted Acronis' rapid growth and innovative approach. The round underscores investor confidence in Acronis' shift from self-sustaining operations to scaled expansion, enabling customization and integration for service providers and enterprises while maintaining data privacy and control via Acronis Cyber Architecture.

Who has invested in Acronis?

5 investors have backed Acronis across its funding rounds, including Goldman Sachs Growth Equity, Goldman Sachs, BlackRock, CVC Capital Partners and The Ultima Ventures.

Lead investors include BlackRock, CVC Capital Partners and Goldman Sachs.


Acronis Investors

Investors in Acronis by funding rounds participated
InvestorHQRoundsRoleFirst check
Goldman Sachs Growth EquityUnited StatesNew York City, NY2ParticipantMay 2021
Goldman SachsUnited StatesNew York City, NY1LeadSep 2019
BlackRockUnited StatesUnited States1LeadJul 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Acronis

Acronis has acquired 7 companies to date.

Last acquisition by Acronis was on March 16th 2021. Acronis acquired Synapsys for undisclosed valuation.


Latest Acquisitions by Acronis

Synapsys
CyberLynx
DeviceLock
5nine Software
Description
Synapsys is a distributor of Acronis cyber protection solutions across South Africa and Africa through resellers and MSPs. It handles on-premises backup, disaster recovery, and cloud-based cybersecurity via two divisions: Synapsys Systems for enterprise software since 1997 and Synapsys Distribution for Acronis Cyber Cloud since 2016. Synapsys supports thousands of endpoints protecting data from ransomware and outages. Johannesburg-headquartered as a privately held entity, it certifies partners for Acronis deployments in banking and public sectors.
CyberLynx is a Luxembourg-based cybersecurity consulting firm offering risk assessments, penetration testing, and compliance services. Specializing in GDPR and NIS Directive adherence, the company serves financial institutions and public sector clients across Europe. With a team of certified ethical hackers, CyberLynx conducts vulnerability management and incident response for SMEs and enterprises. Operating from Luxembourg City, it emphasizes tailored strategies to mitigate threats in cloud and on-premise environments.
DeviceLock is a San Ramon, California-headquartered provider of endpoint device control and data loss prevention software founded in 1996. It secures over seven million endpoints for more than 70,000 customers worldwide in banking, finance, medical, pharmaceutical, government, defense, manufacturing, and retail sectors. The privately held company maintains offices in Vancouver, London, Düsseldorf, Milan, and Moscow, funded solely by founders and retained earnings. DeviceLock participates in Microsoft Independent Software Vendor Program, Intel Software Partner Program, Fujitsu Siemens Global Alliance, Sun Developer Connection, and Citrix Developer Network.
5nine Software is a provider of agentless management and security solutions for Microsoft Hyper-V environments worldwide. Chicago-headquartered, it delivers tools for virtualization monitoring, backup, cloud migration, and firewall protection. The company's platform enables IT teams to secure virtual machines, optimize resource allocation, and ensure compliance without installing agents on hosts.
HQ CountrySouth AfricaLuxembourgUnited StatesUnited States
HQ City
Cape Town
Luxembourg
San Francisco, CA
-
Deal Date16 Mar 202118 Nov 202015 Jul 202010 Dec 2019
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Acronis Competitors

Acronis competitors include listed companies like CommVault Systems and Freshworks, and private ones like JumpCloud, Chainguard, ReliaQuest and Upwind Security.

Public and private companies comparable to Acronis
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JumpCloudUnited StatesLouisville, KYPrivate$56M-$2.6B46.9x
CommVault SystemsUnited StatesUnited StatesPublicly listed$1.2B$84M$6.2B5.0x
ChainguardUnited StatesSeattle, WAPrivate$40M-$3.5B87.5x
ReliaQuestUnited StatesTampa, FLPrivate$300M-$3.4B11.3x
FreshworksUnited StatesUnited StatesPublicly listed$839M$41M$3.3B2.9x
Upwind SecurityUnited StatesSan Francisco, CAPrivate--$3.8B-

Acronis Public Comps

Acronis is no longer listed, but its public comps include Freshworks, Tenable, Cellebrite, Clear Secure, AvePoint, NetScout Systems, QiAnXin, Venustech Group, Beijing Ultrapower and BlackBerry.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Freshworks$839M$41M3.2x2.9x65.7x11.3x
Tenable$999M$31M4.1x3.9x129.9x15.3x
Cellebrite$476M$79M5.4x4.8x32.3x17.3x
Clear Secure$901M$216M3.7x3.2x15.3x9.5x
AvePoint$419M$42M5.9x5.1x58.4x27.4x
NetScout Systems$859M$163M2.6x2.6x13.9x9.5x
QiAnXin$655M($147M)4.6x4.5x(20.4x)(41.4x)
Venustech Group$349M($60M)6.6x6.0x(38.4x)(176057.4x)

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Common questions about Acronis

When was Acronis founded?Acronis was founded in 2003.
Where is Acronis headquartered?Acronis is headquartered in Schaffhausen, Switzerland.
Is Acronis publicly listed?No, Acronis was acquired by EQT in August 2024.
Who acquired Acronis?Acronis was acquired by EQT in August 2024.
What is Acronis' valuation?Acronis was last valued at $3.5B in its undisclosed-stage round in July 2022.
How much funding has Acronis raised?Acronis has raised $647M across 3 funding rounds.
What was Acronis' last funding round?Acronis' last funding round was a $250M undisclosed-stage round in July 2022, led by BlackRock.
Who are Acronis' investors?Acronis' investors include Goldman Sachs Growth Equity, Goldman Sachs, BlackRock, CVC Capital Partners and The Ultima Ventures.
Which companies are comparable to Acronis?Companies comparable to Acronis include JumpCloud, CommVault Systems, Chainguard, ReliaQuest, Freshworks and Upwind Security.
How many companies has Acronis acquired?Acronis has acquired 7 companies, including Synapsys, CyberLynx, DeviceLock, 5nine Software and T-Soft.
What was the largest acquisition by Acronis?The $20M acquisition of BackupAgent in September 2014 is the largest acquisition Acronis has made to date.

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