Acronis, a Swiss cybersecurity company with its U.S. headquarters in Burlington, just got a major cash infusion: a $147 million investment round led by Goldman Sachs, bringing the firm's total valuation to more than $1 billion, according to a press release.
On this continent, the company will use the money to accelerate business growth in partnership with Acronis SCS, an independent software vendor and distributor for the public sector.
Acronis will also expand its engineering team in Singapore, Bulgaria and Arizona, build new data centers and make a couple acquisitions. The company most recently acquired Bulgarian software company T-Soft last July.
In April, Acronis opened its APIs for the first time in 16 years. That allowed third-party developers to access its Acronis Cyber Platform, which was previously available only to Acronis and certain partners like ConnectWise, Microsoft, and Google. The Acronis Cyber Platform, along with several other cybersecurity products, will be key to the company's growth in the future, investors noted in the release.
"We are excited about Goldman Sachs‘ investment," Serguei Beloussov, Acronis's founder and CEO, said in the release. "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."
Acronis employs more than 1,400 people worldwide, including at least 80 in Greater Boston. Acronis is also the official cyber protection partner of the Boston Red Sox.
