18.09.2019, 13:53
Acronis Raised $ 147 Million from a Group of Investors Led by Goldman Sachs
Source: OREANDA-NEWS
OREANDA-NEWS. The fact that Acronis raised $ 147 million in the investment round, organized by Goldman Sachs, is said in an IT company report to RBC. The company does not disclose other investors, only specifying that these are partners of the bank. “Most of the money was received from Goldman Sachs”, Ezikil Steiner, Acronis President for Business Development, told the Russian media.
“We are investing in Acronis at an incredibly fast growth stage”, said Holger Staude, vice president of Goldman Sachs Private Capital Investing Group, in a statement. “The results of the company's commercial activities indicate that it's an incredibly valuable new asset in our portfolio, and the growth of this company will exceed forecasts”.
Acronis was founded in 2003 by Sergey Belousov and Ilya Zubarev, who remain its main owners. The headquarters of the company is located in Singapore, offices are also located in Switzerland, USA, Bulgaria, Russia and other countries. Major developments - software for backup and recovery of data, their storage and protection. According to the forecast of Stratistics MRC, the global backup and data recovery market will be $ 18.21 billion by 2026 (in 2017, its volume was $ 6.98 billion). Among key players, analysts call Acronis, Microsoft, IBM, Oracle, and Dell.
According to Steiner, as part of the round, the company's valuation exceeded $ 1 billion, and new investors received less than 10% of the shares. He did not specify how shares are distributed among other shareholders, saying that the founders of Acronis own more than 70%. In 2004, part of the company's shares was sold to Insight Venture Partners and OpenView Venture Partners for $ 11 million. "At the moment, these funds no longer own Acronis", Steiner said.
The funds received will be used to expand the team of engineers and developers, open new data centers and develop business in North America, as well as to absorb other companies. In the summer of 2018, Acronis acquired the Bulgarian T-Soft, which is engaged in the development and testing of software. Acronis planned to expand its presence in Europe through this transaction.
“We are investing in Acronis at an incredibly fast growth stage”, said Holger Staude, vice president of Goldman Sachs Private Capital Investing Group, in a statement. “The results of the company's commercial activities indicate that it's an incredibly valuable new asset in our portfolio, and the growth of this company will exceed forecasts”.
Acronis was founded in 2003 by Sergey Belousov and Ilya Zubarev, who remain its main owners. The headquarters of the company is located in Singapore, offices are also located in Switzerland, USA, Bulgaria, Russia and other countries. Major developments - software for backup and recovery of data, their storage and protection. According to the forecast of Stratistics MRC, the global backup and data recovery market will be $ 18.21 billion by 2026 (in 2017, its volume was $ 6.98 billion). Among key players, analysts call Acronis, Microsoft, IBM, Oracle, and Dell.
According to Steiner, as part of the round, the company's valuation exceeded $ 1 billion, and new investors received less than 10% of the shares. He did not specify how shares are distributed among other shareholders, saying that the founders of Acronis own more than 70%. In 2004, part of the company's shares was sold to Insight Venture Partners and OpenView Venture Partners for $ 11 million. "At the moment, these funds no longer own Acronis", Steiner said.
The funds received will be used to expand the team of engineers and developers, open new data centers and develop business in North America, as well as to absorb other companies. In the summer of 2018, Acronis acquired the Bulgarian T-Soft, which is engaged in the development and testing of software. Acronis planned to expand its presence in Europe through this transaction.
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