Acronis, a cybersecurity firm founded in Singapore and incorporated in Switzerland, announced that it has received more than $250 million in a funding round from CVC Capital Partners VII and other investors.

The investment has pushed the company’s valuation at more than $2.5 billion.

The firm said that it will use the funds to further accelerate growth by expanding its portfolio of natively integrated cyber protection products.

Acronis added that it will continue to invest in staff resources, expanding its global sales, partner account management and partner success teams, and hiring new technical talent for its research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States.

The company will be expanding support for its cloud partners, providing them with additional sales and marketing resources, faster and localised technical support, dedicated partner success managers, and local data centers in 111 locations worldwide.

Additionally, a significant portion of the investment will also be used to further enhance Acronis’ go-to-market initiatives by expanding its broad partner network, most notably managed service providers (MSPs), to help them better serve the cyber protection needs of their clients.

Acronis Cyber Protect is a unified cybersecurity and data protection solution that is natively integrated, so service providers can operate these critical functions through a single pane of glass, delivering comprehensive cyber protection at a lower cost.

“With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners’ success.

 

Our goal is to develop market-leading technology and help our partners grow their profits, while providing the best protection for their clients.”

said Serguei “SB” Beloussov, Founder and CEO of Acronis.

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