MARKET MOVEMENT
Acronis announces that EQT will acquire majority stake in the company
Acronis and EQT announced that EQT will acquire a majority stake in the company . The founders , management , and existing investors – including funds and accounts managed by CVC , Springcoast and BlackRock Private Equity Partners , will remain as significant minority shareholders . Acronis is valued in the transaction above the last growth funding round which was completed in 2022 .
Founded in 2003 , Acronis is a IT solutions vendor for Managed Service Providers , offering a natively integrated , highly efficient cybersecurity and data protection platform . In a market where data and workloads are growing and businesses increasingly recognise the importance of cybersecurity , Acronis enables customers to outsource IT capabilities while ensuring high standards of data security , integrity and reliability .
Through its Managed Service Providers channel , Acronis is well positioned to continue scaling its network rapidly .
Johannes Reichel , Partner and Co- Head of Technology within EQT ’ s Private Equity advisory team , said “ Acronis is a strongly positioned cybersecurity and data protection software platform with a clear value proposition to Managed Service Providers . EQT has followed the company ’ s journey for many years and continues to be impressed by its performance and innovative strength . We are very excited to partner with Acronis , the management team and existing investors on its next phase of growth .”
Ezequiel Steiner
Johannes Reichel
Ezequiel Steiner , CEO of Acronis , stated , “ We are thrilled to have EQT as a major shareholder to support our strategic expansion and share our vision for growth .”
Commenting on Acronis ’ product suite , Phil Goodwin , Research Vice President of IDC , said : “ Data protection is foundational to cybersecurity , and the two are increasingly tightly integrated . Acronis ’ architecture of integrated data protection , cybersecurity , and remote management in a single , customisable platform enables MSPs and corporate IT departments to establish robust cyber preparedness for their business with simplicity and reliability .”
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Cerabyte , pioneer of ceramic-based data storage announces strategic investment from Pure Storage
Cerabyte , the pioneer of ceramic-based data storage solutions , has announced a strategic investment from Pure Storage , the IT pioneer that delivers the world ’ s most advanced data storage platform , to help enable sustainable immutable data storage solutions . Additionally , John , Coz Colgrove , Founder and Chief Visionary Officer of Pure Storage , joins Cerabyte ’ s Board of Directors . Cerabyte ’ s vision is to store all data virtually forever and preserve today ’ s digital records for future use through the use of its ceramic data storage technology . With Pure Storage delivering the industry ’ s best platform to store , manage , and protect the world ’ s data , this strategic investment in Cerabyte will enable the company to extend this mission further .
“ Pure ’ s investment in Cerabyte and joint partnership will allow us to offer our customers sustainable and immutable data storage solutions that are revolutionising the industry ,” said John , Coz Colgrove , Founder and Chief Visionary Officer , Pure Storage .
“ By disrupting the archival storage market , we are paving the way for longer lasting and easier to manage long-term storage .”
John , Coz Colgrove
Cerabyte enables a new tier of accessible , permanent , and sustainable data storage that is projected to extend from petabyte to exabyte-scale data centre racks . The persistent media technology can hold data for extremely long periods of time while consuming no power .
“ The complex global needs of zettabytescale archival storage have been poorly served with expensive solutions that consume an inordinate share of the world ’ s available energy ,” said John Monroe , Chief Analyst at Furthur Market Research .
The storage industry is ripe for transformative disruption . Cerabyte ’ s ceramic-based data storage does not suffer from bit rot or silent corruption , which threatens data integrity over time . Instead , it provides an immutable record of the original data required in an increasing number of use cases , especially in the era of AI . •
INTELLIGENT TECH CHANNELS 61