Transaction

Transaction Details

Closed
September 20, 2019

Sector

Technology

Deal Type

Mergers and Acquisitions

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GCA Advised Acronis on an Equity Investment Led by Goldman Sachs Private Capital Investing

GCA acted as exclusive financial advisor to Acronis AG, a global leader in cyber protection software, on a $147M funding round led by Goldman Sachs Private Capital Investing based on a valuation of over $1B, bringing the company to unicorn status.

Founded in Singapore as a data backup and recovery company, and now headquartered in Switzerland, Acronis currently employs more than 1,400 employees in 18 countries. Its cyber protection technology is used by 5 million consumers and 500,000 businesses, including 80% of Fortune 1000 companies. Acronis products are available through 50,000 partners and service providers in over 150 countries in more than 30 languages.

Acronis provides cyber protection solutions for data safety, accessibility, privacy, authenticity and security (SAPAS). These include Acronis Cyber Platform, enabling third-party developers to customize, extend and integrate cyber protection into their solutions; Acronis Cyber Infrastructure, providing the most cost-efficient and secure environment for running cyber protection solutions and data storage; and Acronis Cyber Cloud, enabling service providers and enterprise IT to deliver cyber protection services to end customers.

“We are excited about the endorsement of our strategy by Goldman Sachs,” said Serguei Beloussov, founder and CEO of Acronis. “In 2018, Acronis achieved 20% business growth, and in 2019 it is on track for over 30% growth with the Acronis Cyber Cloud business growing by 102%. Recently we announced the Acronis Cyber Platform, enabling third parties to customize, extend and integrate our cyber protection solutions to the needs of their customers and partners. The investment round led by Goldman Sachs will help us to fast-track the product development through acquisitions of companies and additional resources and accelerate the growth.”

The investment round enables Acronis to expand its engineering team in Singapore, Bulgaria and Arizona; build additional data centers; and grow through acquisitions. Additionally, Acronis will use the capital to accelerate its growth in North America in partnership with Acronis SCS, an independent software vendor and distributor for the public sector.

Acronis will make a significant investment into developing service provider partners and assisting resellers in the transition to service provider model.

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