Schaffhausen, Switzerland, and Stockholm, Sweden – August 7, 2024 – Acronis, a well-known provider of IT solutions for Managed Service Providers (MSPs), has announced that the EQT X fund will acquire a majority stake in the company. The transaction values Acronis above its last growth funding round in 2022. The company’s founders, management, and current investors—including CVC, Springcoast, and BlackRock Private Equity Partners—will retain significant minority stakes.
Founded in 2003, Acronis has established itself as a key player in data protection and cyber security space, offering a natively integrated platform tailored for MSPs. As data security continues to gain importance in the business world, Acronis is well-positioned to support service providers in managing and protecting their clients’ data. The company operates from 15 offices worldwide, with over 1,700 employees and a network that spans 150 countries, enabling more than 20,000 Service Providers to protect over 750,000 businesses.
Johannes Reichel, Partner and Co-Head of Technology within EQT’s Private Equity advisory team, commented, “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, expressed his enthusiasm about the new partnership, stating, “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.”
The completion of this transaction is subject to customary regulatory approvals and is expected to take place in the first half of 2025.
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