Breaking News: EQT Acquires Majority Stake in Acronis, a Leading Cybersecurity and Data Protection Platform
In a major development in the cybersecurity space, EQT has taken a majority stake in Acronis, a renowned security company specializing in data protection, cloud, and integrated security solutions for managed service providers and corporate IT teams. The financial terms of the deal have not been disclosed, but it values Acronis at a higher value than its last investment in 2022, where it was valued at $3.5 billion.
Acronis has shown significant growth over the years, with its solutions being used by 20,000 service providers and over 750,000 businesses. The company, which was profitable in 2021, has raised over $600 million in equity and debt prior to this deal, with investors including BlackRock, CVC, and Goldman Sachs.
This deal highlights the trend of private equity being a common exit option for enterprise technology companies, especially as the IPO market remains subdued. Acronis, founded in 2003 and originally based in Singapore before moving to Switzerland, offers a range of services beyond data recovery and backup, including continuous data protection, cloud security, and endpoint protection.
With EQT's major investment, Acronis is set to continue its operations with a strategic focus on expansion and growth. The company's CEO, Ezequiel Steiner, expressed excitement about the partnership with EQT and the support from existing investors.
Overall, this acquisition underscores the importance of cybersecurity in today's digital landscape and the potential for growth and innovation in the sector. As an investor or consumer, understanding the impact of such deals can help you make informed decisions about your finances and security needs.