Cybersecurity firm Acronis becomes unicorn with $147m investment
Cyber protection company Acronis has achieved a valuation of over $1 billion with a $147 million investment round led by Goldman Sachs, reports Jane Connolly.
The funds will enable Acronis to expand its engineering team in Bulgaria, Arizona and Singapore, where it was founded in 2003 and build new data centres.
The company will also be looking to make acquisitions and accelerate its growth in North America, in partnership with independent software vendor and distributor for the public sector, Acronis SCS.
Acronis will focus on developing its range of products that offer solutions for cyber protection, infrastructure and data architecture. The Cyber Cloud product helps users provide cyber security services for their end customers.
“In 2018, Acronis achieved 20% business growth and in 2019 it is on track for over 30% growth with the Acronis Cyber Cloud business growing by over 100%,” says founder and CEO, Serguei Beloussov. “Recently we announced the Acronis Cyber Platform, enabling third parties to customise, extend and integrate our cyber protection solutions to the needs of their customers and partners.”
He adds: “The investment round led by Goldman Sachs will help us to fast-track the product development through acquisitions of companies and additional resources and accelerate the growth.”
Acronis products are available in over 150 countries in more than 30 languages and are used by 80% of Fortune 1000 companies.