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Photo: Johannes Reichel, Partner and Co-Head of Technology in EQT's Private Equity Advisory Team (Photo: EQT)

EQT acquires majority stake in cyber security specialist Acronis

Photo: Johan­nes Reichel, Part­ner and Co-Head of Tech­no­logy in EQT’s Private Equity Advi­sory Team (Photo: EQT)
7. August 2024

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.

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