Acronis Acquires Microsoft Hyper-V, Azure Security Company 5nine
Acronis, a backup and disaster recovery (BDR) and file sync and share solutions provider, has acquired Microsoft Hyper-V and Azure cloud management and security company 5nine for an undisclosed sum. 5nine will become a wholly-owned subsidiary of Acronis.
Acronis will integrate 5nine’s technology into the Acronis Cyber Platform and provide new services via the Acronis Cyber Cloud Solutions portal, the company said. In doing so, Acronis will enable MSPs to use 5nine’s solutions to migrate workloads from physical or virtual infrastructure to Acronis Cyber Infrastructure, Microsoft Azure or both.
A Closer Look at 5nine
5nine provides unified management and security operations across private, public and hybrid clouds. The company’s products include:
- Cloud Manager: Enables organizations to manage virtual machines (VMs), resources and tenants across multiple, decentralized cloud environments.
- Cloud Migration: Allows organizations to migrate VMs to private, public and hybrid cloud environments.
- Cloud Security: Provides hybrid cloud computing security for Hyper-V and Azure.
5nine maintains technology partnerships with Bitdefender, Kaspersky Lab and other cybersecurity companies. It also offers a partner program that enables MSPs to incorporate its cloud offerings into their portfolios.
Acronis Raises $147 Million, Eyes New Acquisitions
Acronis’ 5nine acquisition comes after the company in September secured $147 million in funding led by Goldman Sachs. The company said it planned to use the funding to pursue acquisitions, as well as add to its engineering team and build new data centers.
Meanwhile, Acronis was valued at more than $1 billion in its most-recent funding round. Acronis also supports more than 5 million consumers and 500,000 business customers and works with 50,000 partners and service providers in more than 150 countries.