EQT to Acquire Majority Stake in Acronis

EQT X fund (“EQT”) 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 acquisition marks a significant milestone in the growth of Acronis, which will continue to be supported by its founders, management, and existing investors, including CVC, Springcoast, and BlackRock Private Equity Partners. The valuation of Acronis exceeds the amount from its previous growth funding round completed in 2022.

Founded in 2003, Acronis provides a highly integrated cybersecurity and data protection platform that is crucial for businesses as they face increasing data and workload demands. The company’s solutions are designed to offer high standards of data security, integrity, and reliability. With a global presence spanning 15 offices, more than 1,700 employees, and a network extending over 150 countries, Acronis supports over 20,000 Service Providers and protects more than 750,000 businesses worldwide.

Johannes Reichel, Partner and Co-Head of Technology within EQT’s Private Equity advisory team, praised Acronis’s market position: “Acronis stands out in the cybersecurity and data protection space with its compelling value proposition to MSPs. We have been following Acronis’s journey for years and are excited to partner with the company, its management team, and existing investors to drive its next phase of growth.”

Ezequiel Steiner, CEO of Acronis, expressed enthusiasm about the partnership: “We are thrilled to welcome EQT as a major shareholder. Their support will be instrumental in our strategic expansion. We appreciate the continued support from our existing investors and the dedication of the Acronis team.”

Phil Goodwin, IDC’s research vice president, commented on Acronis’s integrated approach: “Acronis’s platform combines data protection and cybersecurity into a single, customizable solution, allowing MSPs and corporate IT departments to enhance their cyber preparedness with ease and reliability.”