EQT to acquire a majority stake in Acronis

Source: Acronis. The Acronis and EQT logos.

The EQT X fund is to acquire a majority stake in Acronis, a cybersecurity and data protection platform for managed service providers (MSPs) and corporations.

The founders, management, and existing investors – including funds and accounts managed by CVC, Springcoast and BlackRock Private Equity Partners – will remain as significant minority shareholders. Acronis is valued in the transaction above the last growth funding round which was completed in 2022.

Founded in 2003, Acronis offers a natively-integrated cybersecurity and data protection platform. The company enables customers to outsource IT capabilities while ensuring high standards of data security, integrity and reliability. Through its MSP channel, Acronis is well positioned to continue scaling its network rapidly, the company said. Acronis’ network spans over 150 countries enabling over 20,000 service providers to protect over 750,000 businesses. It has 15 offices around the globe and more than 1,700 employees.

Johannes Reichel, Partner and Co-Head of Technology within EQT’s Private Equity advisory team said: "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. We are very excited to partner with Acronis, the management team and existing investors on its next phase of growth.”

Ezequiel Steiner, CEO of Acronis stated: "We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth. We would like to thank our existing investors for their support to date and are pleased that many will remain invested as we move forward. But most of all, I’d like to thank the Acronis team for their work in getting us to this stage.”

Phil Goodwin, Research VP, IDC, said: “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-Q225.