Acronis, the Switzerland-based global leader in cyber protection, has acquired 5nine, a provider of Microsoft Hyper-V and Azure cloud management and security solutions. The Florida-based software startup will become a wholly-owned subsidiary of Acronis.
5nine offers end-to-end cloud solutions for Hyper-V and the first and only agentless, multilayered security solution for Hyper-V and Azure. Its easy-to-use software is designed to lower costs, increase productivity, and reduce security risks.
Acronis will integrate 5nine’s technology into the Acronis Cyber Platform, making new services available through the Acronis Cyber Cloud Solutions portal. The joint solutions will help managed service providers (MSPs) and IT organisations cover the “five vectors of cyber protection”: safety, accessibility, privacy, authenticity, and security.
“By combining with Acronis, we will be able to accelerate product innovation, expand our distribution channel, and leverage our existing technology to meet customer requirements,” said Karen Armor, Chief Executive Officer at 5nine. “With the knowledge gained from almost a decade of experience managing and protecting Microsoft virtual machines on behalf of our customers, we are certain that this acquisition will drive cloud adoption and ensure secure and reliable cloud infrastructure deployments worldwide.”
Serguei Beloussov, Acronis founder and CEO, commented: “With a combined solution, organizations will be able to migrate all or select workloads to the cloud and then manage both on-premises and cloud virtual machines with a single interface. We envision combining the functionality of the two solutions by extending Acronis’ easy-to-use, single pane of glass, resulting in IT administrators monitoring, managing and ensuring cyber protection for all workloads, regardless of their location.”
This past September, the Swiss company raised a $147 million funding round led by Goldman Sachs, which financed this acquisition and put the company's valuation over $1 billion. Its cyber protection products are available through 50,000 partners and service providers in over 150 countries in more than 30 languages.