Singapore-based Acronis is planning to use a new $147 million investment round led by Goldman Sachs to expand its data centers and grow its acquisitions, the company announced on Sept. 18.
The investment round, which values the company at more than $1 billion, will also enable Acronis to expand its engineering team in Singapore, Bulgaria and Arizona.
The company currently operates a global network of cloud data centers, located throughout America, the United Kingdom, Europe and Africa, Asia, Germany, Japan, Switzerland, and Australia.
Acronis will also use the capital to accelerate the business growth in North America in partnership with Acronis SCS, an independent software vendor and distributor for the public sector.
“In 2018, Acronis achieved 20 percent business growth, and in 2019 it is on track for over 30 percent growth with the Acronis cyber cloud business growing by over 100 percent,” said Serguei Beloussov, founder and CEO of Acronis, in a statement. “The investment round led by Goldman Sachs will help us to fast-track the product development through acquisitions of companies and additional resources, and accelerate the growth.”
In addition, Acronis said it plans to use the funding to increase its engineering capabilities and acquire new teams and technologies to accelerate the development of a slew of products, including cyber protection services.
