Data protection firm Acronis raises $250m from CVC Capital, valuation soars to $2.5b

Data protection firm Acronis raises $250m from CVC Capital, valuation soars to $2.5b

Acronis co-founder, president and COO Stanislav Protassov. Photo: Acronis.

Singapore and Switzerland-headquartered data protection firm Acronis on Tuesday announced it has bagged $250 million in equity funding from private equity firm CVC Capital Partners at a post-money valuation of $2.5 billion.