Acronis Pushes Cyber Protection To Its Limits, Reaches Unicorn Status

Nearly everyone is vulnerable to a data breaches or other cyberattack. The right cybersecurity is critical in protecting your personal information and business. Unlike some other data backup and security companies, Acronis offers a flexible business model so customers can use services based on their needs and ones that are cost efficient. Acronis’ cyber protection platform also allows third-party developers to integrate its tech into their own applications.

Become a Subscriber

Please purchase a subscription to continue reading this article.

Subscribe Now

Founded in 2003 by Serguei Beloussov in Singapore as a data backup and recovery company, Acronis develops on-premises and cloud software for backup, secure file sync and share and data access, and disaster recovery.

Now headquartered in Switzerland, Acronis was already on path as a leading cybersecurity platform. Today, the company has more than 1,400 employees throughout 18 countries and its services are used by more than five million people and 500,000 businesses worldwide and is working to add on more long-term protection for data and applications, in addition to integrating more data destinations.

Recently, Goldman Sachs entered the picture, boosting the software company to a whole new level. The investors led a $147 million funding for the company, leaving it with a valuation of $1 and $2 billion and officially bumping it into unicorn status. “We are excited to invest in Acronis at this stage of rapid growth,” said Holger Staude, vice president, Goldman Sachs in a statement. “The traditional backup and data protection market is being disrupted by Acronis Cyber Protection, an innovative solution delivered efficiently through a vast channel of service providers.”

Moving forward, the company is expanding its research and wants to make some acquisitions on the cybersecurity front. Recently, Acronis added additional cloud features to its True Image 2020 backup software, which backs up files, whole drives, and partitions, and files, and offers dual protection (local and cloud), in addition to malware detection and more.

“We are growing because we have completely changed the company strategy from being a data protection company to a cyber protection company,” said Beloussov, in a recent TechCrunch interview, “from data protection applications to being a cyber protection platform, and being a data protection provider to building a cyber protection infrastructure.”