EQT to acquire majority stake in cybersecurity firm Acronis at $3.5B+ valuation
Summary
They didn’t disclose the size of the investment, but detailed that it values Acronis at more than the $3.5 billion the software maker was worth following a 2022 funding round. Acronis says the platform breaks down files into their components to detect embedded cybersecurity risks such as malicious links. According to Acronis, the platform backs up updates to business documents immediately after they’re made to prevent data loss in the event of an outage. The Cyber Protect Cloud also allows companies to create standby infrastructure that can be quickly brought online if their servers go offline. One of the newest additions to Acronis’ product portfolio, Cyber Protect for Enterprise, provides a set of backup and recovery tools geared to large organizations’ internal IT teams.
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