EQT secures majority stake in Acronis, aiming to enhance growth and innovation in the managed services and cybersecurity sectors.

Through its X Fund, European private equity giant EQT plans to purchase a majority share in Acronis, a top supplier of backup and cybersecurity products. With regulatory permissions still pending, the deal—which is valued higher than Acronis' most recent investment round from 2022—is expected to finalize in early to mid-2025.

Acronis, its headquarters in Switzerland has a five-star rating in the 2024 CRN Partner Program Guide, signifying its continued success as a managed services provider (MSP). The company provides backup and cybersecurity solutions to over 750,000 enterprises in 150 countries.

EQT’s investment underscores its confidence in Acronis' strategic value to MSPs, mentioning the company's innovative capabilities and quality performance as key factors. Johannes Reichel, EQT’s partner and co-head of technology, expressed enthusiasm about partnering with Acronis’ management and existing investors to drive the company’s next growth phase.

David Stinner, president of US itek, highlighted the growing appeal of the MSP market for private equity, observing that investments in cybersecurity solutions like Acronis ensure a steady revenue stream as MSPs expand.

Acronis CEO Ezequiel Steiner welcomed the new partnership, thanking existing investors and the company’s team for their contributions to Acronis’ success.