EQT to acquire majority stake in cybersecurity firm Acronis

Acronis, the cybersecurity and data protection platform, has announced that the EQT X fund (EQT) will acquire a majority stake in the company.

Founders, management, and existing investors, including funds and accounts managed by CVC, Springcoast and BlackRock Private Equity Partners, will remain as significant minority shareholders.

The transaction values Acronis above its last growth funding round completed in 2022.

Acronis has shown consistent growth

Founded in 2003, Acronis offers a natively integrated, highly efficient cybersecurity and data protection platform. The company enables customers to outsource IT capabilities while ensuring high standards of data security, integrity, and reliability.

It operates through its managed service providers channel and is well-positioned to continue scaling its network rapidly.

With 15 offices worldwide and more than 1,700 employees, Acronis’ network spans more than 150 countries, enabling over 20,000 service providers to protect around 750,000 businesses.

Johannes Reichel, partner and co-head of technology within EQT’s Private Equity advisory team, stated: “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.”

Ezequiel Steiner, CEO of Acronis, added: “We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth. We thank our existing investors for their support to date and are pleased that many will remain invested as we move forward.”

Phil Goodwin, research vice president at IDC, commented on the cybersecurity firm’s 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, customisable platform enables MSPs and corporate IT departments to establish robust cyber preparedness for their business with simplicity and reliability.”

The completion of this transaction is pending customary regulatory approvals and is anticipated to take place in Q1-Q2 2025.