SINGAPORE, August 8, 2024 – EQT, a global investment organization, is set to acquire a majority stake in Acronis, a leading cybersecurity and data protection platform for Managed Service Providers (MSPs) and corporate IT departments. This strategic partnership aims to accelerate Acronis’ growth, focusing on expanding its platform and enhancing customer service.
Acronis, founded in 2003, has established itself as a top IT solutions provider, offering an integrated and efficient cybersecurity and data protection platform. The company serves over 20,000 service providers across more than 150 countries, protecting over 750,000 businesses. With 15 offices worldwide and more than 1,700 employees, Acronis is well-positioned to scale its network rapidly in a market increasingly recognizing the importance of cybersecurity.
Johannes Reichel, Partner and Co-Head of Technology within EQT’s Private Equity advisory team, expressed enthusiasm about the acquisition: “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.”
Ezequiel Steiner, CEO of Acronis, echoed this sentiment: “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.”
The transaction values Acronis above its last growth funding round completed in 2022, with founders, management, and existing investors, including funds managed by CVC, Springcoast, and BlackRock Private Equity Partners, remaining as significant minority shareholders.
Phil Goodwin, research vice president of IDC, commented on Acronis’ product suite: “Data protection is foundational to cybersecurity, and the two are increasingly tightly integrated. Acronis’ architecture of integrated data protection, cybersecurity, and remote management in a single, customizable platform enables MSPs and corporate IT departments to establish robust cyber preparedness for their business with simplicity and reliability.”
The transaction is pending customary regulatory approvals and is expected to complete between Q1 and Q2 of 2025. Acronis was advised by Deutsche Bank (financial) and Willkie Farr & Gallagher (legal).