Acronis raises $147M from Goldman Sachs to expand its cyber security services

TechCrunch | 9/18/2019 | Staff
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When you hear the name Acronis, chances are you’re thinking about products like its disk cloning tool True Image or maybe its backup services. The company, though, wants you to think about cyber protection and all of its products (and their marketing) are now focused on this direction. To expand on this vision, the company has now raised $147 million from Goldman Sachs at a valuation over $1 billion.

The company says it will use the funding to expand its engineering teams in Singapore, Bulgaria and Arizona, as well as to build new data centers and acquire other companies to fast-track its product development. The company also plans to invest in its business growth, specifically in North America, through its recently launched partner (and former Acronis business) Arconis SCS, which focuses on selling to the U.S. public sector.

Goldman - Sachs‘ - Investment - Serguei - Beloussov

“We are excited about Goldman Sachs‘ investment,” said Serguei Beloussov, founder and CEO of Acronis . “In...
(Excerpt) Read more at: TechCrunch
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