European private equity firm EQT has agreed to acquire a majority stake in Acronis, a cybersecurity and data protection platform provider for managed service providers (MSPs) and corporate IT departments.
The deal values Acronis above its 2022 growth funding round, during which the cyber protection firm raised $250m and was valued at more than $3.5bn.
Acronis’ founders, management team, and existing investors, including funds and accounts managed by CVC, Springcoast, and BlackRock Private Equity Partners will retain significant minority stakes in the company.
Both parties agree that the partnership reflects a shared vision for growth and a commitment to accelerating the expansion of the platform.
EQT’s involvement is expected to bolster Acronis’ expansion strategy and enhance the service provided to both partners and customers.
EQT private equity advisory team technology co-head Johannes Reichel said: “Acronis is a strongly positioned cybersecurity and data protection software platform with a clear value proposition to Managed Service Providers.
“EQT has followed the company’s journey for many years and continues to be impressed by its performance and innovative strength. We are very excited to partner with Acronis, the management team and existing investors on its next phase of growth.”
Established in 2003, Acronis offers natively integrated cybersecurity, data protection, and endpoint management for MSPs, small and medium businesses (SMBs), and enterprise IT departments.
The company’s solutions are designed to detect, prevent, respond, remediate, and recover from modern cyber threats with minimal downtime.
It supports customers to outsource their IT capabilities while maintaining high standards of data security, integrity, and reliability.
Acronis operates 15 global offices and has a workforce of over 1,700 employees. The company’s network spans more than 150 countries, serving over 20,000 service providers and safeguarding more than 750,000 businesses.
Acronis CEO Ezequiel Steiner said: “We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth.
“We would like to thank our existing investors for their support to date and are pleased that many will remain invested as we move forward. But most of all, I’d like to thank the Acronis team for their work in getting us to this stage.”
Subject to regulatory approvals, the transaction is expected to close in Q1-Q2 2025.
In June this year, Acronis rolled out Acronis Advanced Security + XDR, the newest addition to the company’s security solution portfolio.
Acronis XDR expands on its current endpoint detection and response (EDR) offering. The new solution provides a complete natively integrated, highly efficient cybersecurity with data protection, endpoint management, and automated recovery.
