EQT acquires majority stake in cyber security specialist Acronis
Schaffhausen, Switzerland — Acronis (the “Company”) and EQT have agreed that EQT X Fund (“EQT”) will acquire a majority stake in Acronis.
The Company’s founders, management team and current investors — including CVC, Springcoast and BlackRock Private Equity Partners — will remain as significant minority investors.
The transaction values Acronis above the valuation of the last investment round in 2021 (2021: over USD 250 million at a valuation of USD 2.5 billion).
Founded in 2003, Acronis is a leading provider of IT solutions for managed service providers, offering an integrated, highly efficient platform for cyber security and data protection.
As data volumes continue to grow and IT landscapes become more complex, companies are increasingly recognizing the importance of cyber security.
Acronis enables its customers to outsource IT functions while ensuring high standards of data security, integrity and reliability.
Through managed service provider distribution, Acronis is well positioned to continue to rapidly expand its customer network.
With 15 locations worldwide and more than 1,700 employees, Acronis has a network that spans 150 countries and enables more than 20,000 service providers to protect the data of over 750,000 organizations.
Johannes Reichel (Photo: EQT),
Partner and Co-Head of Technology in EQT’s Private Equity Advisory team, said: “Acronis has built a strong market position as a cyber security and data protection software platform by offering a compelling proposition to managed service providers. EQT has followed the company’s development over many years and has been impressed by its performance and innovation. We are very excited to partner with Acronis, the management team and existing investors in the next phase of growth.”
Ezequiel Steiner, CEO of Acronis, said: “We are very pleased to have EQT on board as a majority shareholder who supports our strategic expansion and stands behind our growth vision. We would like to thank our existing investors for their support and are pleased that many of them will remain involved. Most importantly, I would like to thank the Acronis team for the outstanding work that has enabled us to achieve this.”
Phil Goodwin, Research Vice President at IDC, said of Acronis’ product offering: “Data security is the foundation of cyber security and the two areas are increasingly intertwined. Acronis’ architecture of integrated data protection, cyber security and remote management in a single, customizable platform enables managed service providers and IT departments to easily and reliably build a robust cyber readiness for their business.”
The closing of the transaction is subject to customary regulatory approvals and is expected to close in the
1st to
2nd quarter of 2025. Advisor Acronis: Willkie Farr & Gallagher About EQT EQT is a global investment organization with EUR 246 billion in assets under management (EUR 133 billion in fee-earning assets) across two business lines — Private Capital and Real Assets.
EQT’s funds invest in companies in Europe, Asia, the Pacific and the Americas. EQT supports its portfolio companies to achieve sustainable growth, operational excellence and market leadership.
www.eqtgroup.com About Acronis Acronis is a global cyber protection company that provides directly integrated cyber security, data protection and endpoint management for managed service providers (MSPs), small and medium-sized businesses (SMBs) and enterprise IT departments.
Acronis solutions are highly effective and designed to identify, prevent, detect, respond to, remediate and recover from modern cyber threats with minimal downtime.
This complete approach ensures data integrity and business continuity.
Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to serve the needs of diversified and decentralized IT environments.
Acronis is a Swiss company founded in Singapore in 2003 and has 15 offices and employees in over 50 countries worldwide.
Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 20,000 service providers to protect over 750,000 organizations.
Learn more at www.acronis.com.